Friday, 13 April 2012
Trulia: house prices in the US will go up
Trulia signals since a few months higher asking prices in the US, now +1.4%. These asking prices seem to lead transaction prices: it could lead Case Shiller house price indices by as much as six to seven months.
Trulia also presented a chart of the 100 big metro areas. In many of those areas the situation is improving also in formerly very bad areas like the sand back states. Prices are still declining in many areas, see for example the West Coast, but things are clearly improving.