Some great news from the National Association of Realtors:
-93 out of 150 metropolitan statistical areas show increases in median existing single-family home prices from a year earlier
-Six areas with double-digit annual gains
-21 metros showing increases of 6 % or more
-Regionally, prices rose in both the Northeast and Midwest, as did the national condo price.
Lawrence Yun, NAR chief economist, says the data underscores the fact that all real estate is local. “Some metro areas are hot while others are experiencing localized problems,” he said. “The report also shows that home prices in the vast midsection of America, from the Appalachians to the Rockies, are affordable and, perhaps, even undervalued.
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