Great News For Homeowners!!

Great News For Homeowners!!

Almost half of the country is within 10% of 2006 peak home prices!

Prices are up 12.5% year-over-year. This includes distressed sales.

The housing market is finally catching it’s breath as we head in to 2014, according to the president of CoreLogic. We are seeing  normal and anticipated seasonal patterns with strong gains in the spring months and slowing  in the fall months.

These five states have seen the highest year-over-year appreciation in home values.

Nevada +25.9%

California +22.4%

Georgia +14.2%

Michigan +14.1%

Arizona +14%

New Mexico was the only state that saw a decline of 0.5% year-over-year.

Increasing home prices are helping more states experience a much needed housing recovery. While we are seeing gains in the housing market, it is expected to slow in the coming  years to a more sustainable level of 4-7% annually.