February 16, 2013

THE REAL HOUSING CRISIS IS A SHORTAGE:

Breakdown of U.S. housing prices shows gains almost everywhere (Lew Sichelman, February 17, 2013, LA Times)

The latest numbers from the field are in, and the news is good. Housing prices were up almost everywhere across the country in 2012.

Of the 134 core-based statistical areas (CBSAs) that reported 500 or more sales last year, 123 saw gains, according to year-over-year data collected as of Dec. 31 by Pro Teck Valuation Services of Waltham, Mass. CBSAs are defined as "micropolitan" areas of at least 10,000 people who are tied to an urban center by commuting. [...]

Overall, the national median price per square foot rose from $81.08 in 2011 to $86.42 last year, according to Pro Teck, which takes its numbers at least daily from about 850 multiple listing services.

Posted by at February 16, 2013 11:15 PM
  

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