According
to Associated Press economics writer Christopher
S. Rugaber, U.S. home prices jumped by the most in 6 1/2 years in
December, spurred by a low supply of available homes and rising demand.
He also pointed out that Home prices rose 8.3 percent in
December compared with a year earlier, according to a report Tuesday from
CoreLogic, a real estate data provider. That is the biggest annual gain since
May 2006. Prices rose last year in 46 of 50 states.
Home prices also increased 0.4 percent in December from the
previous month. That’s a healthy increase given that sales usually slow over
the winter months.
Steady increases in prices are helping fuel the housing
recovery. They’re encouraging some people to sell homes and enticing would-be
buyers to purchase homes before prices rise further. Higher prices can
also make homeowners feel wealthier. That can encourage more consumer spending.
To read the full article go to the Florida Association of
Realtors website.
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