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US property market recovery well underway with 6.1pct annual growth

Posted on 08 March 2013

Residential property prices in the United States were up 6.1% on an annual basis last month, according to the latest Home Data Index from real estate valuer Clear Capital. The statistics also show that quarterly price trends at the national and regional level were moderately improved over the typically slow winter season although 11 of 15 of the lowest performing major metro markets saw quarterly price trends in February give way to minor losses.
‘While February’s yearly growth of 6.1% is encouraging, let’s keep in mind this rate of growth is measured against the market’s bottom, which we reported in our March 2012 Market Report,’ said Alex Villacorta, director of research and analytics at Clear Capital………………………………………..Full Article: Source

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