Home Price Increases Soar per RealtyTrac Data

By Jann Swanson

Posted To: MND NewsWire

RealtyTrac came in with the highest report of year-over-year price increases we have seen thus far this year with their estimate of a 15 percent gain in November 2014 compared to one year earlier. The company said that the median price of a single family home and/or condo sold in the U.S. during the month was $190,000, unchanged from October but markedly higher than annual estimates from other sources. While all were reporting on October data, annual increases estimated by the National Association of Realtors, CoreLogic, the Federal Housing Finance Agency, and the three S&P Dow Jones Case-Shiller indices all ranged between 4.5 to 6.1 percent. RealtyTrac estimated the median price of distressed properties , those either in the process of foreclosure or in bank-owned inventories (REO) at…(read more)

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