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(EstateNewsWire.com, February 01, 2013 ) San Francisco, CA -- The United States property prices have seen quality growth in 2012, with one leading index expressing a 11.5% growth overall. That is based on the latest figures from the National Association of Realtors, which has shown that the national median for housing prices (across all types) was $180,800 in the final month of 2012. That constitutes an 11.5% increase from 2011.
The positive showing denotes 10 consecutive months of year-on-year price gains recorded by the NAR. Such a quality consistent gain has not occurred since August-May 2005 and 2006, and is the strongest of increases since November 2005, which the number jumped to just under 13%. The preliminary median existing price for homes was $176,600, up over 6% from $166,100 in 2011.
Zillow Home Value showed that the prices were increased by just shy of 6% in 2012, which is the largest annual gain since the end of summer, 2006. The 6% appreciation exceeded the yearly rates that appreciation often seen in healthy markets, according to Zillow research figures which gauge a 3% average.
The 30 largest cities in the U.S. Saw value appreciation on a widespread level, with only Cincinnati and Chicago falling short of the annual and quarterly increases within the final fiscal quarter of 2012. Of the 366 metro areas analyzed, 69% of them registered gains in 2012, while 278 expressed a quarter-on-quarter appreciation.
Quote from PropertyCommmunity.com : “I am a newbie property investor. I do not own any property in UK or USA at the moment. My current financial situation permits me to look for a property investment of up to 150k GBP which is approx. 250k USD.
That is by putting 30% of that amount as down-payment and rest on finance. I am looking for some monthly income out of the property after ALL costs and taxes and decent capital appreciation in the next 5 years. I am faced with the dilemma of which place is better for investment between USA and UK.”
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