Numbers show the housing market has caught fire

Check out this story from yesterday’s Philadelphia Inquirer on the state of the housing market:

For a batting average, the real estate market couldn’t be swinging much better.Trulia , the San Francisco real estate online marketplace, reported last week that real estate asking prices have risen in 99 out of 100 major U.S. markets.

Overall, U.S. homeowner asking prices are on a steady upward trend, rising by about 1.5% per month over the past five months and backing up what economists have been seeing and saying for most of the year: The real estate market is catching fire, and homes are appreciating at a sustainable rate after five years of declining prices.

Even factoring in foreclosures, U.S. home prices are up 11.4% from June 2012 to June 2013.

If you are looking to buy before prices go higher, you can contact Anne Koons for all of your Real Estate Needs.

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