Home Prices Rise at Fastest Pace in 15 Years
Posted by Mike Wald on
An article in today's Wall Street Journal citing the Case-Shiller Index, stated that U.S. home prices are increasing at the fastest pace in 15 years! The price increases reflect how fiercely buyers are competing for the limited number of available listings.
According to the article, "A number of forces have merged to fuel the red hot housing market, including mortgage rates dropping below 3% in July for the first time ever. Millions of millennials in their 30s. New-home construction has lagged behind demand and homeowners are holding on to their houses longer. At the same time, the pandemic worsened the already severe shortage of homes for sale. Low interest rates prompted more homeowners to refinance and stay put instead of moving. Others delayed…
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Lovely 3 bedroom, 2 bathroom home conveniently located in the heart of Vestavia Hills and close to VCC. Featuring spacious and comfortable living throughout, you will enjoy an abundance of natural light flowing through the interior of this home. The kitchen offers beautiful white cabinets, ample counter space, pantry, and opens to large sitting room with brick fireplace. The roomy master suite boasts a private bath with tile shower. The 2 other main level bedrooms are spacious, bright and airy and the guest bathroom has been beautifully updated. The sizable sunroom features vaulted ceilings, and overlooks the spacious fenced backyard. Enjoy entertaining family or friends on the…
Under Contract! 4245 Old Leeds Lane
One of the many perks of living in Kirkman Preserve is access to this beautiful private lake situated in the heart of the neighborhood. There's also a neighborhood clubhouse and pool, sidewalks, and there are planned get togethers with the neighbors several times a year. The homes are beautifully designed inside and out. It's no surprise that Kirkman Preserve, zoned for Spain Park, is one of Hoover's most popular neighborhoods!
1796 Indian Hill Road
