The Associated Press reported today that home prices rose in March from February in most major U. S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.
The Standard & Poor’s/Case-Shiller home price index shows that prices rose in 12 of the 20 cities it tracks. At the same time, in other markets, price declines have slowed, and it is a majority of markets that are rising.
ZILLOW issued a release this past Friday reporting that both national home values and rents rose in the month of April. National home values rose 0.7 percent, this is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up.
Our office, Islandia Real Estate, on the beautiful island of St. John, has set the bar for the number of closings. Let us assist you in the sale or purchase of your home!
Contact Jane Kelly @ jane@islandiarealestate.com, www.islandiarealestate.com 340.776.6666
