U.S. home prices increase

by Shea Homes on October 3, 2012

According to a recent report from CoreLogic, a private real estate data provider, home prices increased by 4.6 percent in August compared to a year ago.

More Americans are looking to have their new home built from the ground up, which is why companies like Shea Homes are being turned to in this time of high demand for a shrinking inventory of homes already built and for sale.

“The housing markets gains are increasingly geographically diverse with only six states continuing to show declining prices,” said Mark Fleming, chief economist for CoreLogic.

Steady price increases, in addition to greater home sales and an increase in builder confidence, are highlighted as the reasons the housing recovery may be sustainable. According to the Standard & Poor’s/Case Shiller index, the housing market has improved compared to a year ago, marking the second straight yearly increase after two years of declines.

According to the Huffington Post, the housing market could be healthier than many people realize, which is made evident by S&P/Case Shiller Home Price Index increasing for the sixth consecutive month.

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