In Some Markets, Home Prices Rise 5 Times Faster Than Inflation

It should come as no surprise that home prices continue to soar as the economy improves and more people enter what increasingly seems like an elbow-throwing, cash-hurling scuffle to secure the few homes available for sale.

But one region is seeing particularly dramatic gains. In the Pacific Northwest, homes are appreciating several times faster than inflation.

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What Recovery? Nearly 11% of U.S. Homeowners Are Still Underwater

If you watch the news, you’ve heard about the recovering housing market—prices are up, inventory is low, mortgage interest rates are below 4%, and more people have jobs... Yet, more than 10% of homeowners are still underwater. To be exact, 5.4 million, or 10.8% of all mortgaged properties, had negative equity in the fourth quarter of 2014, according to a new report from CoreLogic, a California-based data provider.

Read More at PacificCoastJournal.com!