Rising home prices continue to increase hardship for buyers

08.01.2014                      07.Schwat.5774

Hauspreise:

Rising home prices continue to increase hardship for buyers

Housing sales slumped 6% in October and November relative to the third quarter, though demand remained high.

Home prices have risen a nominal 8.6 percent (6.7% in real terms) over the past 12 months, leading to a decline in Bank Hapoalim’s home buyer’s index. The index fell 0.8% in November to 124.3, a score set relative to 100 at the start of 1996. That figure is down nearly 8 points from a year earlier, representing a continued trend of increasing hardship for home buyers….