Washington, D.C. (PRWEB) October 06, 2012
Tobias Nergarden of Real Estate Marketing Insider issued his comments about increasing prices for homes and rentals today, and states this will help home sellers along with anyone who has invested in rental properties such as a vacation rental by owner. REMI responds to Trulia's findings that rental prices are more popular at the moment and suggests to property owners to focus on advertising real estate they have available for rent.
The Washington Post provides details on a report from Trulia indicating that home prices are rising across the United States. In September 2012, home prices were up 2.5 percent compared to September 2011. If foreclosures are taken out of the equation, these prices are up 3.5 percent. While these home prices are another sign of a housing recovery, rents are up as well, and are even outpacing the rise in home prices with a nation increase of 5.1 percent. Some metropolitan areas saw a greater increase in home prices and a smaller increase in rents, with the Washington, D.C. metro area singled out for having a 4.8 percent increase in home prices and a 3.4 percent increase in rents compared to September 2011.
Trulia is a company owning and operating Trulia.com, a website for listing real estate properties, both those that are for sale, or those that are available to rent. The MLS listings are supplemented with information about the neighborhood a home is built in. Trulia became a publicly traded company in July 2012.
A foreclosure is the process by which a lender seeks to obtain the property purchased with a loan when the borrower is unable to make scheduled payments. Foreclosures are usually used in real estate. The foreclosure process is a legal process done with a court order. There are, however, different kinds of foreclosures. Since the bursting of the housing bubble and subsequent economic crisis in 2008, many homes have entered the foreclosure process and have had a major influence on the housing market.
Washington, D.C. is one of the first national capitals that was planned and designed to be a capital. Since the economic crisis of 2008, Washington has maintained a stronger economy than other metropolitan areas due to the fact that many government jobs remained in place and the Federal government actually hired more people to work in different programs.
Real Estate Marketing Insider today commented on the rise in both rents and home prices throughout the U.S. in September.
About Real Estate Marketing Insider:
Real Estate Marketing Insider is a publication providing real estate professionals with tips, strategies, and in-depth analysis. REMI is based out of La Jolla, CA.