The most recent Homes.com Rebound Report reveals new market performance data on the price impacts of the Great Recession and U.S. Housing Bubble. Currently, 16 of the 100 markets measured showed more than a 100% rebound – up from 14 markets in last month’s report and indicating progress in the recovery of home prices! In fact, 38 markets posted a rebound of more than 50% – up from the 35 in last month’s report.
Additionally, home prices continue to climb on an annual basis in the latest Homes.com Local Market Index Report. According to this report, all 100 top U.S. markets increased in home prices year over year! In contrast, only 95 markets advanced on a monthly basis. However, the decreases in index values for the markets that did not gain were marginal and all of these markets actually displayed the strongest rebound – five markets from the state of Texas show more than a 100% rebound.
We mentioned in our previous Real Estate Rebound post that “moderation is most definitely the key to stable growth in home prices.” Clearly, the monthly decreases illustrated in the five Texas markets are “nothing more than natural cooling after stellar gains and indications of an otherwise healthy housing market.”
In general, price trends this month continued to show the momentum of progress within the real estate industry. Is now the time to buy or sell your home?
