Posted on 14 Mar 2019
by Lawrence Yun, PhD., Chief Economist and Senior Vice President
Home prices reached an all-time high in most markets in 2018. Homeowners benefited greatly as a result, with their overall net wealth rising by a cool $1 trillion. A typical homeowner’s wealth is estimated to have reached $254,000 while that of a typical renter stood at only $5,000. Looking ahead, home values are poised to advance further in 2019, albeit more modestly. However, home sales slumped badly in the closing months of last year. Persistent sales declines are nearly always associated with dampening home prices and homes sitting on the market for a lengthier time.
Paul B. Fictum, CPA
CPA Advantage Realty, LLC
2500 South Power Road, Suite 124
Mesa, Arizona 85209
480-247-4403 Fax email@example.com
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CPA Advantage Realty, LLC is licensed to provide real estate brokerage services in the State of Arizona. Although some real estate licensees employed by CPA Advantage Realty, LLC are duly licensed as certified public accountants in the State of Arizona, CPA Advantage Realty, LLC is not a certified public accountant firm and is not regulated by the Arizona State Board of Accountancy.