Home prices up in many swing states
Posted on Monday, October 8, 2012 at 3:57:27 PM
In the 2012 Presidential election, the state of the national economy is a primary focus, especially the housing market. According to the Trulia Price Monitor, home prices are up in six out of seven swing states. The results of the survey were based on for-sale home and rental listings.
Nevada asking home prices increased 7 percent in September 2012 in a year-over-year comparison. Florida improved 6.9 percent, Colorado 5.5 percent, Iowa 3.2 percent, Missouri 2.4 percent and Virginia 0.4 percent. Out of the seven primary swing states, only North Carolina experienced a decline, dipping 0.8 percent.
While the impact of rising property values on the election may not be clear, residents in these swing states may find themselves buying a new home with residential financing in the near future. An improving real estate market could help convince locals to purchase the home they have been dreaming about since the recession hit in the mid-2000s. An affordable mortgage from Home Loan Investment Bank could provide the residential financing you need.