4 Factors that Affect Home Prices

According to Standard & Poor’s Case Shiller, and The Federal Housing Finance Agency, the prices of homes have risen approximately 20% over the last three years. This trend is anticipated to continuing increasing throughout 2015; and there are four primary factors that are impacting pricing:

  1. Wages and Inflation
  2. Interest Rates and Inventory
  3. Demographics
  4. Oil Prices

Of course there are several other components that play into the housing economy, these four are the predominant driving forces. To read a more comprehensive report regarding these key variables, check out this article from our friends at RISMedia.

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