For the most part home prices are on the rise on a national perspective. Just last week the National Association of Realtors, NAR, reported that the average home price rose 10% to $180,000. This reflects 4th quarter to 4th quarter in 2011 to 2012. NAR compared 152 markets in the US. In the 4th quarter of 2011, only 29 of those markets started to show price gains. By the 3rd quarter of 2012 that number jumped to 120 markets showing price gains. According to the NAR, 133 of those 152 markets have seen increases in home prices, where only 19 showed prices continuing to fall. Chief Economist of the National Association of Realtors, Lawrence Yun, says, “Home sales are on a sustained uptrend. Home sales are being fueled by a pent-up demand and job creation, along with still favorable aff...
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