FNC Residential Price Index which was created by the mortgage industry just announced that we are at 28 month high for home prices in February. Housing data takes about 60 days to compile and determine facts hence the February figures is the most current data available. The index increased 6.1 percent which is the best clip since July 2006.
Price momentum in Phoenix is the strongest with prices surging 30% in the past year. Phoenix was one of the hardest hit areas during the collapse of home prices, so it is expected that there will be a sharp rebound as buyers come in for the value play and push prices higher.
The bay area is also on the list, jumping into 4th position at 12.3%. We expect that trajectory to continue as rates remain low and inventory remains slim. The full list is listed below.
The EastBayPro Team of Compass Real Estate consist of the following professionals: Kevin R. Kieffer, Broker Associate, Naomi T. Kieffer, GRI, Realtor, Scott & Rochelle Maher, Realtors, Realtor, Matt Rubenstein, Realtor, Ken Wilson, Realtor, Taylor Pollard, Realtor & Heather Gowdy, Realtor. This team is ranked in the top 1% of Contra Costa County and are Five Star Agents as seen in Diablo Magazine - Offices in Walnut Creek & Danville - serving communities throughout the East Bay
Home ownership is commonly associated with a sense of accomplishment a
"I inquired about properties for rent in different parts of the East Bay. Even though I did not end up renting one of his properties, Kevin continued to follow up with me after my move to ensure that my transition from Arizona went well. He also sends me properties from time to time in case I'm looking again or have any friends in need of a home. He's great!"