The rise in home prices hasn't steadied and it is beginning to raise concerns after a rise of 7% in September 2017. There is no telling whether it will stop causing many first-time homebuyers worry.
"National home prices for September 2017 were up 7%, compared with the same time last year, and rose by 0.9% from August 2017, driven by low for-sale inventory and a strengthening economy," according Reverse Mortgage Daily.
"In addition, 36% of cities have overvalued housing stock as of September, according to the most recent data from Irvine, California-based real-estate research firm CoreLogic."
CoreLogic also forecasts that there will be another 4.7% rise between September 2017 and September 2018, according to the report. There is clearly an unforgiving trend that could make it incredibly difficult for prospecting buyers.
To learn more about the concerns surrounding growing home prices, click on the image above.