FHFA: Home prices rise in May 2012
Posted on Wednesday, July 25, 2012 at 5:16:43 PM
The most recent House Price Index report from the Federal Housing Finance Agency found that U.S. housing prices have increased 0.8 percent on a seasonally adjusted basis from April 2012 to May 2012. This is good news for potential homebuyers looking to sell their current property for a new one.
In addition to home prices rising in a month-by-month comparison, property costs also have improved in the past 12 months. The reports found that in the year ending in May 2012, home prices have risen approximately 3.7 percent. This is good news for the improving economy. While these figures are still down 17 percent from the market high in April 2007, they are about the same as the May 2004 index level - providing hope for real estate experts and industry economists. As residential financing options increase in affordability and property values improve, consumers may wish to buy a new home.
Potential homebuyers may want to consider checking out Standard Fixed Rate Loan offered by Home Loan Investment Bank if they believe they will be purchasing a property in the near future.