RECORD-BREAKING INCREASE IN HOME PRICES

A wave of positive housing news flooded financial newswires this morning. 

Data through April 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, a leading measure of U.S. home prices, showed average home prices increased 11.6 percent and 12.1 percent for the 10- and 20-City Composites in the 12 months ending in April 2013. 

WHERE ARE THE HOTTEST REAL ESTATE MARKETS?

While home values remain well below their peak on a national level, implying additional room for growth, year-over-year increases in many markets are dramatic and the significant drop in inventory has triggered a rapid shift from a buyer’s to seller’s market.

The five states with the highest home price appreciation within last 12 month:

1.       Nevada +24.6%

2.        California +19.4%

3.       Arizona +17.3%

4.       Hawaii +17.0%

5.       Oregon +15.5%

3214 ST CHARLES, NEW ORLEANS, LA 70115

Townhouse for sale in prime location!

If you  wish to know about Homes for Sale in the Greater New Orleans, LA

BRIEFLY NOTED

541 WEBSTER STREET, NEW ORLEANS, LA 70118 - Single Family Residential for Sale - 2 Beds, 3 Baths - Raisa Galper - Gardner Realtors, New Orleans, LA

541 WEBSTER STREET, NEW ORLEANS, LA 70118 - Single Family Residential for Sale - 2 Beds, 3 Baths - Raisa Galper - Gardner Realtors, New Orleans, LA