It appears the nation is experiencing an upward pricing trend for home values, for the first time in 6 years. Buyers should consider a home purchase now, and benefit from future appreciation which, predictors say, has begun.
Corelogic, a leading residential property information, analytics and service provider December 2012 nationwide home price report includes, in part:
“December marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago,” says Mark Fleming, chief economist for CoreLogic. “We expect price growth to continue in January as our Pending HPI shows strong year-over-year appreciation.”
“We are heading into 2013 with home prices on the rebound,” said Anand Nallathambi, president and CEO of CoreLogic. “The upward trend in home prices in 2012 was broad based with 46 of 50 states registering gains for the year. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery.”.