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Us House Values Have Been Increasing Strongly Of Late.

By Author: Roscoe Mays
Total Articles: 9

The preceding round of price rises showed a 10.9 per cent rise across the United States, according to Case-Schiller figures.

Case-Schiller’s survey saw all 20 markets featured post price gains with a range of markets besting 20 % in terms of increases.

Atlanta – where many large funds are buying up REOs - was among those towards the pinnacle of the table with a 19.1 per cent increase, in the year to April.

Las Vegas posted a 20.6 per cent gain and Phoenix 22.5 per cent. Dallas, which is attracting interest from both funds and international buyers, increased by just 6.8 % on the Case-Schiller numbers. The two Florida markets that the evaluation includes - Tampa and Miami - both posted rises of in excess of 10 per cent.

The Case-Schiller figures came as the total number of properties in some formof foreclosurefellto 1.1 million, down from 1.5 million a year ago.

Foreclosures, though, were still occurring at 52,000 a month – at least twice the average rate before the crisis.
This reveals a housing market still in transition from sickness to health.

But the trend is really heading the right way with such solid and consistent increases being logged.

It appears based on these statistics that the bottom for the US real estate sector may have occurred about six to 12 months ago.

For those wanting to make investments, with the upward trend there is lessrisk of capital loss, although prices have risen somewhat from the bottom compressing rental yields.


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