USA Property News

American home prices edge higher

Five years on from the start of the housing crisis USA real estate prices are said to be well on the road to recovery. A report from CoreLogic suggests that by the end of September residential real estate prices – including distressed sales – had appreciated by twelve per cent when compared to the previous September in 2012 and by just 0.2 per cent from August.

Although the rate of growth has slowed down during recent months most economists believe it will help to keep market fundamentals more in balance as the recovery continues. The report suggests that average dwelling prices in almost half of the states are edging closer to their pre downturn pricing peaks. During the last twelve months the five states with the largest home price appreciation were Nevada – recording growth of more than 22 per cent, California up almost 19 per cent, Utah up just over 13 per cent and Arizona and Florida both up by more than 12.5 per cent.