Home Prices Continue Upward

HousingWire reports four of the five hardest-hit housing market states are witnessing positive home price increases year-over-year. Of the 19 states that received $7.6 billion in aid from the federal government, California, Florida, Arizona, and Georgia had increases in Oct. over Oct. 2011, while Illinois experienced a 1.3 percent decline in Chicago. San Francisco saw an 8.9 percent increase from the previous Oct. while Los Angeles’ home prices grew 6.2 percent. As MHProNews learned independently, Florida has had over 500,000 foreclosures. Tampa home prices have risen 5.9 percent year-over-year, and in Miami, prices grew 8.5 percent. While Atlanta prices fell 0.4 percent from Sept. to Oct. of this year, they rose 4.9 percent Oct. to Oct. Meanwhile, in Arizona Phoenix is experiencing a growth rate of 21.7 percent Oct. year-over-year, and an increase of 1.4 percent Sept. to Oct. this year.

(Image credit: HousingWire)

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