Homes.com President David Mele on how artificial intelligence is used to improve the home-search process.
Home prices are still on the rise, but cost increases are greater for residents in some states’ housing markets than others.
According to a new report from CoreLogic, home prices rose 6.8% year-over-year in June, as the Federal Reserve continues to raise interest rates and inventory remains tight. By June 2019, the financial and property data analytics firm forecasts prices will increase by another 5.1% nationwide.
However, for residents looking to buy a home in some West Coast and Midwest locales, prices have risen more steeply than in other areas of the country.
The biggest year-over-year price jump was seen in Nevada, where the average home was 12.6% more expensive…