Us House Prices Have Been Increasing Sharply Of Late

By Author: Roscoe Mays
Total Articles: 9
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Recent Case-Schiller stats showeda price increase of 10.9 per cent across the US.

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

Atlanta – where many big institutional investors are buying up foreclosed homes - was among those at the very top of the table with a 19.1 per cent change, year on year.

Las Vegas posted a 20.6 % increase and Phoenix 22.5 per cent. Dallas, which is certainly attracting interest from both funds and overseas buyers, increased by just 6.8 % on the Case-Schiller numbers. The two Florida markets that the assessment includes - Tampa and Miami - both logged increases of more than 10 %.

The Case-Schiller figures came at the same time that the total number of properties in some stateof foreclosuredroppedto 1.1 million, down from 1.5 million a year ago.

Foreclosures, though, were still occurring at 52,000 monthly – more than twice the pre-crisis average.
This reveals a property market still travelling from sickness to health.

But the trend is definitely heading the ...
... right way with such strong and consistent increases being logged.

It appears 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 invest, with the upward trend there is a reducedrisk of capital loss, however rising prices have reduced rental yields.

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