THIS FEELS BETTER, RIGHT?
Congratulations to our investor clientswho stayed in the market buying Investment properties on the dips. We are proud to serve your INSURANCE and MORTGAGE needs!
The CoreLogic Home Price index rose 12.2% in May, which was the highest price increase since Feb 2006. Excluding distressed sales, prices rose 11.6%. Home prices nationwide remain 20.4% below their peak which was set in April 2006. The Pending Home Price Index indicates that prices are expected to rise even more (13.2%) in June.
12 month home price appreciation:
• Arizona - 16.9%
• California - 20.2%
• Connecticut - 3.8%
• Florida - 11.1%
• Nevada - 26%
• New York - 9.8%
• North Carolina - 5.6%
• Tennessee - 5.3%
• Texas - 8.5%
Written by Penwest Insurance Services on Jul 2, 2013