According to the Standard & Poor's/Case Schiller national index released this week, home prices were up 10.2% in March compared to 2012. Improved consumer confidence along with rising rents, investors buying up foreclosures and low interest rates all are contributing to continued increases in home prices. Another trusted index has prices rising 7.6% in March over the previous year. According to the news the prices are still 28% off their height in 2006 but have returned to 2003 prices.
Scott Pearson GRI, CRS