Housing
Housing Prices Are Up, But That's Not Necessarily Good News
Housing prices have seen a double-digit uptick in more than half of major U.S. metros. New construction, however, isn’t keeping up.
Good news if you’re already a homeowner: Housing prices “accelerated” in the first quarter of 2015, according to the National Association of Realtors. There are, in fact, 51 metropolitan areas where home prices rose by double digits—almost double the number of metros that saw that kind of increase in 2014.
One problem: This jump has only been made possible, of course, because of the paucity of housing available in most markets.