Housing prices rise in many U.S. metros
Posted on Friday, June 29, 2012 at 5:47:31 PM
Property prices increased in April for a majority of U.S. cities. According to the S&P/Case-Shiller composite index of U.S. home prices, the average increase was 1.3 percent for the month. This is a heady improvement from the previous year’s decline of 1.9 percent. Values increased in 18 out of the top 20 U.S. cities, claims the index.
"All the headlines are positive on house prices, and this is important because they've been going down for five years," UBS Investment Research economist Maury Harris told USA Today. "It's a confidence builder at a time when Americans really need something good happening."
The positive news may impact the home purchase rate for the upcoming month. Americans may want to check out residential financing options as more economic indicators point toward a positive housing market. Consumer, builder and lender confidence levels are up for the second quarter of 2012, according to the news source.
With all of these positive real estate markers, potential homeowners may want to invigorate their housing search to find the home of their dreams.