Enjoy a lower secured loan rate by using your deposit account as collateral.
Car buying that shows you what others paid, so you never overpay.
Upfront pricing. Guaranteed savings. Negotiation-free.
Have an extra $1000 or more you won't need soon? Open a certificate vs. risking it in the volatile stock market.
Our mobile app gives you access to your Alliant Account in the palm of your hand.
Return to The Money Mentor Blog
By Alliant Credit Union
Nationwide, U.S. home sale prices increased by 5.0% in December 2014 compared to December 2013, according to the S&P/Case-Shiller Home Price Index. This increase represents 34 months of consecutive year-over-year increases. Excluding distressed sales, home prices increased 4.9% year over year, with every state except Connecticut showing a year-over-year home price increase in December. The states of Colorado, Texas and New York reached new highs in home prices.
Sales of previously-owned homes increased 2.4% in December, according to the National Association of Realtors. The U.S. Department of Commerce reports that new home starts were up 4.4%. According to Zillow economist Stan Humphries, the increased housing inventory will make the real estate market more buyer-friendly “after years in which sellers were in the driver’s seat.”
Although the rate of home price increases has decelerated from the double-digit gains seen early in 2014, home prices are still headed in an upward direction. Improving economic trends, especially growth in employment of the Millennial age group – the prime demographic of first-time homebuyers – are seen as indicators of an improving real estate market.
CoreLogic’s 2015 Housing Outlook predicts that home sales will increase by 9% in 2015, with housing starts growing 14% and home price growth moderating, but not ending.