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Is the recent uptick in home prices a sign of a recovering market?

Posted By Forrest Cardamenis On In Featured,Industry sectors,News,Real estate,Research | No Comments
Philadelphia home; home prices in the city skyrocketed in 4Q 2015 Philadelphia home; real estate prices in the city skyrocketed in 4Q 2015

 

By Forrest Cardamenis

In an apparent reversal of the ongoing trend, luxury real estate prices in the United States increased in the fourth quarter of 2015 by 3.1 percent from the year-ago period, according to real estate brokerage Redfin.