Home values rise while listings fall in the latest U.S. home survey indexes. CoreLogic released a September housing survey on Tuesday, November 5 and existing owners are seeing green. Home values continue to rise nationwide by 3.5% year-over-year and 0.7% since August, according to CoreLogic's latest HPI\u00ae Report. Available inventory for new buyers slid by 98,000 listings nationwide, according to Realtor.com. Making sense of the rise in home value data Home values fluctuate in the grand scheme of our economy. But when we take a look at the last 10 years of available housing information, we see nothing but increases in home values. Borrowers have been heavily incentivized to buy new homes. Thanks to lowered Federal Funds Rate indexes (currently at 1.5 to 1.75 percent as of November 6, 2019), demand has gone up for more homes across the United States. This means year-over-year increases in home values are no surprise to us at Paramount Bank. Listing woes continue to plague an eager market If you've stepped foot in the housing market over the last five-or-so years, you've witnessed the evolution of buyers. Sellers are flush with offers from eager buyers with larger down payments. So homes should be entering the market at a healthy rate and leaving just as quickly, right? Unfortunately, tariffs have slowed new home construction. Favorable interest rates mean existing home owners are not as eager to sell as they might with healthy inventory volume. Paramount Bank has helped many home owners refinance. Existing borrowers are simply looking to lock in a more favorable interest rate to lower their existing mortgage payment. When you consider mixed data on jobs reports, it makes sense to see how inventory can slip 98,000 units in September. This continues an existing trend for buyers looking to enter the market for the first time or who are looking to upgrade. Looking ahead with Paramount Bank Something has to give in this environment. In fact, we're already seeing small increases in new home construction. Looking to capitalize on this eager market, we're seeing some areas coming in high on home values only to lower their listing into relative affordability \u2013 still giving sellers a decided advantage. If you're looking to purchase or refinance, visit our Purchase and Refinance pages to learn how Paramount Bank can help you take advantage today.