Found 1 blog entry tagged as Single Family Market.

2014 was another great year in real estate, not only in the US but here in Newport Rhode Island too.  A booming economy, stock market appreciation and a surprise in the mortgage industry with interest rates returning to low levels instead of rising, were just a few highlights of 2014. Here’s a quick recap of 2014’s Real Estate Market;

US Real Estate Market Conditions

The Case/Shiller Housing Index increased 4.5% Year over Year from October 2013 through October 2014. That’s a drastic slow down compared to the 13.6% increase a year earlier. As anticipated (see last year's recap) the price appreciation slowed down. The slowdown in price appreciation had more to do with the market equalizing, than with rising rates as previously predicted.  2014 was the…

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