Want a quick sound bite on what October experienced in the
Nationwide Real Estate industry? Well then the following is all the
water cooler talk you need. October proved to be yet another
formidable month in the Real Estate industrys climb towards
prosperity. This year, home prices specifically increased 2.9% over
the same corresponding month in 2011, whereas rental appreciation
was even more impressive with a 5.1% improvement in rates over
October, 2011. Despite this price figure bump of +2.9% being
ever-so optimistic, when distressed homes are removed from the
equation we see that home prices went up by an even larger amount
of 3.6% during the same October year-over-year statistics.
Furthermore, a far smaller sample size of data from September of
2012 to this past October proved home prices still climbed a
respectable 0.7% in just one month.
More Information: Housing Wire