Home Prices Rise 12% From Last Year
Home prices rise quickly this year as the down turn that has had a grip on the market for the past years finally seems to let up. As the market heats up we are seeing home prices rise nearly 12% from what they were last year! This rise in the market makes it the best time to sell in years!
A CNN article tells us that “the index showed a 12-month decline in prices almost every month over a five-year period through May 2012. But every month since then has shown a gain in home prices, and each month’s gain has been stronger than the one that came before. The pace of home price increases continued to accelerate in February, according to a reading Tuesday that showed the biggest gain since near the height of the housing bubble.”
Home Prices Rise
With prices expected to continue to rise strongly through 2017, now is also the best time to buy! An article on HSH.com outlines how the hardest hit markets are making the largest rebounds, “Home prices rose in seven of every 10 metro areas in 2012 compared with 2013, and the largest gains were recorded in many of the metro areas hardest hit by the housing crash, CoreLogic said. These markets included Phoenix, where prices were up 24 percent, Miami, where prices rose 14 percent, and Las Vegas, where prices increased 13 percent.”
If you are thinking of buying or selling now is the time to act. Don’t miss the chance to take advantage of this great market. If you, or anyone you know, is interested in getting more information on buying, the value of their current home, or the current trends of the market please visit http://www.pugetsoundrealestateexpert.com/ and contact Heidi North today!