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Our Week in Review is here to provide you with news that you might have missed this week.
Seller's market: Experts predict home prices will just keep rising
Housing prices continue to rise because of the lack of home inventory and new home interest. Right now it's homebuying season and that's giving sellers a lot of power to browse multiple offers and get the best price. It's possible that builders could add the inventory with new houses along with new sellers putting their homes on the market, but that's yet to be seen and wouldn't alleviate the problem immediately.
HousingWire's Class of 2017 Rising Stars: Matt Humphrey
LendingHome CEO Matt Hunphrey is one of HousingWire's 2017 Rising Stars.
"What is one thing you would tell a younger version of yourself?"
"The entrepreneurial road is going to be a long and difficult one, filled with tons of ups and downs. Get ready to learn from failure and try to get a little bit better each time. And, more than anything, enjoy the journey. That's what it's all about."
Housing’s Hottest Markets: May 2017
According to Realtor.com, the majority of the top 20 performing markets were in California. Other cities in the list include Boston, Colorado Springs, Dallas, Denver, and more.