If you need assistance, please call 401-232-7661

Home Prices Post Big Gains

Tuesday, April 02, 2013   /   by Nathan Clark

Home Prices Post Big Gains

 


 


U.S.home prices continued their recovery in January, posting the biggest-year-over year increase since 2006, according to one well-known price index.


 


According to the S&P Case-Shiller index, which tracks the country’s largest metropolitan-area markets, January prices rose by 8.1 percent. According to the index, that is the biggest one-year gain since June 2006, right before the housing “bubble” burst.


 


All 20 metro areas in the index showed year-over-year price increases, and all but one –Detroit– posted an increase in the rate at which prices were rising.


 


Rising home prices have been attributed to several factors, including a decreasing number of homes in foreclosure, tight inventories that result in sellers markets in some areas, and declining unemployment.

Nathan Clark & Associates
Nathan Clark Team
39 Cedar Swamp Rd
Smithfield, RI 02917
401-232-7661

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.®
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.© 2019 State-Wide Multiple Listing Service. All rights reserved.