home prices: Increase in Home Prices Greatest Since 2006
- 09/21/12 03:00 AM
There is some good news from the folks at CoreLogic in regard to home prices. Figures from July revealed that national home prices increased 3.8 percent compared to July 2011. This is significant because it is the largest annual price gain since August 2006. This was especially good news for these states, where the highest rates of appreciation were recorded: AZ-up 16.6% ID-up 10% UT-up 9.3% SD-up 8.3% CO-up 7.3% While this is good news, troubled homeowners are not out of the woods yet. In AZ, the July home prices were still beneath the 2006 high by 42.8 percent, and values … (2 comments)
home prices: Real Estate Market Report Shows Lower Home Values
- 02/20/12 05:47 AM
As the market begins to show some signs of life, home values are appearing to drop - which could be a signifier that purchase activity could soon rise. According to data collected from Zillow.com, the average value of homes in the U.S. fell 4.7% year over year (Y-o-Y) to $146,900 while major U.S. cities also experienced descending values. In Los Angeles, the estimated average value was $383,100, showing a decrease of 6.7% Y-o-Y. Chicago homes experienced a greater drop in value - almost 11% Y-o-Y - with the estimated average home value sitting at $158,800. The New York metro area's home value was … (1 comments)
There is some good news from the folks at CoreLogic in regard to home prices. Figures from July revealed that national home prices increased 3.8 percent compared to July 2011. This is significant because it is the largest annual price gain since August 2006. 
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