Housing Market Mid-Year Update
Indicators now show that it is a better time to relocate employees, as home prices are regaining value.
Overall, the median home prices are rising across the United States. The median price through second quarter of 2014 was $208,200 versus $166,100 in 2011, a $40,000 equity gain in three years. The areas with the strongest gain in pricing are the Pacific Coast with a13.9% increase and the South Atlantic with a 6.85% increase.
NAR has also reported that international buyers in the U.S. are on the rise. Nearly 7% of all purchases in the U.S. in the 12 months ending March 2014 were by non-U.S.citizens, representing $93 billion in sales. Canada and China lead the way.
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