July Saw the Biggest Jump in Home Prices Since 2006

Share Article

Real Estate Marketing Insider comments on the significant increase in home prices recorded in July 2012.

Mr. Nergarden of Real Estate Marketing Insider issued some observations about the biggest increase in home prices recorded in the last six years today , and his opinion is that this will help home sellers as well as online real estate marketing because higher prices means attempts to sell your house online will meet higher demand.

The Associated Press reports that July 2012 saw a 3.8 percent increase in housing process from the previous July. This was the largest one-year increase since 2006, which has been taken as a major sign of housing recovery. This information, reported by Corelogic, is coupled with the fact that the increase in prices from June to July was 1.3 percent, the fifth monthly increase in a row. A federal housing agency also reported a rise in home sales as well, which helps support the general belief in a housing recovery. These numbers were taken as an average from across the country, as western states such as Arizona and Idaho saw large increases in prices while states in the east such as Delaware saw prices continue to drop.

Corelogic is a research company headquartered in Santa Ana, California. Their primary areas of expertise are usually within the financial sector, dealing with credit, mortgages, taxes, capital markets, and other factors. Most of this information is compiled and analyzed for corporate clients. Corelogic avoided scandal when their CFO resigned amid rumors that he might be under investigation for his role as CFO of Freddie Mac. As it turned out, he was not charged.

Arizona saw a lot of growth in the last few decades, particularly in the Phoenix area. In the 1990’s Arizona was one of the fastest growing regions in the United States as many businesses began moving to that area as well as retirees who wanted a warmer climate. Arizona was severely hurt by the 2008 financial crisis and has struggled with high unemployment and many underwater home owners since then.

Idaho is one of the states with the lowest populations, but in the last decade it has seen a large amount of growth, particularly in Nampa, which is part of the Boise metropolitan area. The reason for this is an increase in the technology and manufacturing industries, such as a Sun Microsystems, which has two offices in Boise and another location in Pocatello.

Delaware was the first state to ratify the U.S. Constitution, and is still an important population center. Agriculture is a significant part of the Delaware economy, but not as significant as retail sales, real estate, and finance. Manufacturing jobs have decreased since the 1990’s and the 2008 economic crisis has created a sluggish economy that is still recovering.

Real Estate Marketing Insider today commented on the highest one-year increase in home prices since 2006.

About Real Estate Marketing Insider:
Real Estate Marketing Insider, based out of La Jolla, CA, provides online tips to regarding hot news, trend analysis, and marketing strategies to real estate professionals everywhere.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Real Estate Marketing Insider
Real Estate Marketing Insider
(641) 715-3900 912955
Email >
Visit website