According to an article published in the Sun Sentinel: “20 major housing markets report gains”, there are 20 major metropolitan areas enjoying an increase in housing prices. The Sun Sentinel’s findings are based on the latest figures released by the government.
Nationally, according to the Federal Housing Finance Agency, the average price for new and existing homes increased by 2.4 percent. Several markets even reported gains in the double-digits, with some increasing more than 30%. Big gains mean that buyers have enough confidence in their local housing markets despite dropping prices in other locations.
Higher prices even if only slightly higher must be taken as a signal that there are some housing markets that have already hit the bottom and are now moving forward.
