I am asked daily; is it the right time to Sell or is the right time to Buy? My answer is a resounding “ABSOLUTELY”. Here is one of the many reasons why (read below)
CoreLogic reports that national home prices increased by 12% year-over-year in January. This marks the 23rd consecutive month of year-over-year increases in the CoreLogic Home Price Index.
Nationally, home prices increased 0.9% month-over-month from December. For the past 20 years, the average month-over-month appreciation for January has been 0.2%, and the January 2014 increase was the largest January increase since 2006.
Year-over-year home prices were up in 49 states and the District of Columbia. Only Mississippi showed a price decrease. Nevada led the country with a 22.2% price increase from January 2013, followed closely by California with a 20.3% increase.
In terms of monthly changes, 39 states and the District of Columbia showed increases, with Vermont (+2.7%) and New York (+2.7%) showing the largest increases and New Hampshire (-1.5%) and Iowa (-1%) experiencing the largest decreases.
Texas, Louisiana and Nebraska reached new heights in home prices, and Colorado was within a tenth of a percent of its peak. Conversely, Nevada remained at 40.1% below its peak in 2006, followed by Florida (-36.4%).
To find out the current value of your home or if your looking for your next perfect home, contact me today. To get started, visit me at Dwell-D.FW. I can also be reached at Mobile/Text 214.769.2142.DWELL • D.FW™ LIVE • PLAY • WORK • GROW • DWELL in the D.FW Metro
My thanks to Ebby for providing the content.