November 5, 2024 4:31 pm
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High demand continues upward pressure on home prices

Home prices

REALTORSBy Robert Roy Britt | North Phoenix News

Home prices across the country continued a long upward trend, especially in the western states, as low inventories of existing homes led to quick sales in July.

The number of existing homes sold in the West during July rose 5 percent compared to the previous month, and also 5 percent compared to last July, according to the monthly report from the National Association of Realtors, out today. The median price in the West was $373,000, up 7.6 percent from July 2016.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.