Housing Prices Increase 4.7% Year Over Year
Posted on November 29th, 2012
In October, 276 (75%) of the 366 markets showed monthly home value appreciation, and 228 (62%) of the 366 markets saw annual home value appreciation.
Among the top 30 metros, 29 experienced monthly home value appreciation and 26 saw annual increases.
This is a great sign, and fills me with optimism going forward. This is a good leading indicator for a sustained recovery.
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
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