Home leader Ben Carson lists Florida

Ben Carson just announced that he accepted the role of HUD Secretary and is already making moves in his own personal housing situation.

According to an article in Variety, he listed his home in West Palm Beach, Florida for $1.2 million. If he sells his home at that amount, he would turn a nice profit, given Carson originally purchased the home three years ago for $775,000.

The home, which is located in an upscale guard-gated golf community, has 5 bedrooms and 4.5 bathrooms.

From the article:

Doctor Carson and his wife, Candy, have already purchased their next home, a nearly 9,000-square-foot similarly ersatz mock-Med mansion in Palm Beach Gardens that they picked up for $4.375 million, and they continue to own a 47.75-acre spread in rural Upperco, Maryland, about 25 miles northwest of The Johns Hopkins Hospital in Baltimore where until his 2013 retirement Dr. Carson was the esteemed head of pediatric surgery, that was acquired, per property records, in September 2001 for $1.5 million.

CoreLogic forecasts that home prices will increase by 4.6% year-over-year, and by 0.2% by next month.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Home prices are continuing to soar across much of the U.S. led by major metro areas such as Boston, Los Angeles, Miami and Denver,” CoreLogic President and CEO Anand Nallathambi said.

“Prices are being fueled by a potent cocktail of high demand, low inventories and historically low interest rates,” Nallathambi said. “Looking forward to next year, nationwide home prices are expected to climb another 5% in many parts of the country to levels approaching the pre-recession peak.”

In fact, it seems the market already hit pre-recession levels and the Federal Housing Administration even increased conforming loan limits for 2017 due to these high home prices.