housing market: Housing Prices Rise
- 01/15/13 08:33 AM
CoreLlogic reported that housing prices rose 7.4% in the 12 month period ending November 30, 2012. That is a pretty impressive number, especially when you consider that it includes all the distressed sales. I don't know what the price increase would have been without the short sales and foreclosures, but I would venture to guess that it might have been closer to 10%. In some markets distressed sales still account for almost 50% of the overall transactions in a given month. This is great news for everyone since the housing market is the engine for the economic growth of our … (0 comments)
CoreLlogic reported that housing prices rose 7.4% in the 12 month period ending November 30, 2012. That is a pretty impressive number, especially when you consider that it includes all the distressed sales. I don't know what the price increase would have been without the short sales and foreclosures, but I would venture to guess that it might have been closer to 10%. In some markets distressed sales still account for almost 50% of the overall transactions in a given month. 
;)
;)
