In a report released by CoreLogic, home prices in the U.S rose 12.2% in May compared to May 2012. This report by the real estate data provider shows an increase that is the highest in 7 years! The report also shows that 48 states reported home price increases with only Alabama and Delaware experiencing a decrease. Price gains were reflected in 97 of the 100 largest U.S. cities in May as well. CoreLogic also reported that home prices increased from April to May at a rate of 2.6% which is the 15th consecutive month that prices have increased from the previous month.Locally, Dallas home prices rose 10.2% compared to May 2012 and Texas overall increased at a rate of 8.5%.Factors such as low mortgage rates, greater demand, and limited inventories have all contributed to the increase. Another contributing factor is that sales of foreclosures and short sales were at 4 year lows for the second month in a row.The expectation is that homes sales will continue to increase as many homebuyers signed contracts to purchase in June and those sales will close in July and August. As interest rates continue their slow rise higher, this could also encourage more buyers to purchase a home now instead of waiting.The complete article by Steve Brown is in today’s Dallas Morning News in the Business section.
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
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"I can't say enough nice things about Pam Caywood. She found the most beautiful house for our budget, in the neighborhood we wanted and saw us though the offer, negotiations and closing part for our house. Thank-you Pam!"