RealEstateRama Authors Posts by JR Diamond
WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- There seems to be a sliver of hope for the real estate market in the U.S. According to the National Association of Realtors, median sales price in January for previously-owned homes has risen 12.3 percent annually. This is the strongest gain in over seven years and the 11th consecutive month of annual increases. Primary reasons for this gain in price are thought to be a low inventory and an inflow of investors with enough money to heat up the bidding markets. There has also been an increase in the number of traditional sales rather than foreclosures and short sales.