A 10-month year-to-year increase shows U.S. market is improving
San Francisco, CA -- (SBWIRE) -- 01/30/2013 -- The United States property prices have seen quality growth in 2012, with one leading index expressing a 11.5% growth overall. That is based on the latest figures from the National Association of Realtors, which has shown that the national median for housing prices (across all types) was $180,800 in the final month of 2012. That constitutes an 11.5% increase from 2011.
The positive showing denotes 10 consecutive months of year-on-year price gains recorded by the NAR. Such a quality consistent gain has not occurred since August-May 2005 and 2006, and is the strongest of increases since November 2005, which the number jumped to just under 13%. The preliminary median existing price for homes was $176,600, up over 6% from $166,100 in 2011.
Zillow Home Value showed that the prices were increased by just shy of 6% in 2012, which is the largest annual gain since the end of summer, 2006. The 6% appreciation exceeded the yearly rates that appreciation often seen in healthy markets, according to Zillow research figures which gauge a 3% average.
The 30 largest cities in the U.S. Saw value appreciation on a widespread level, with only Cincinnati and Chicago falling short of the annual and quarterly increases within the final fiscal quarter of 2012. Of the 366 metro areas analyzed, 69% of them registered gains in 2012, while 278 expressed a quarter-on-quarter appreciation.
Quote from PropertyCommmunity.com : “I am a newbie property investor. I do not own any property in UK or USA at the moment. My current financial situation permits me to look for a property investment of up to 150k GBP which is approx. 250k USD.
That is by putting 30% of that amount as down-payment and rest on finance. I am looking for some monthly income out of the property after ALL costs and taxes and decent capital appreciation in the next 5 years. I am faced with the dilemma of which place is better for investment between USA and UK.”
About Rent To Own Quest
Rent To Own Quest (http://www.renttoownquest.com/) provides lease and rental information for customers across the United States to eventually rent to own homes. Find the information that will help one nab the residence of their dreams, today at RentToOwnQuest.com.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)