- Posted at 2:10, December 04, 2013
- By Russ Bleemer
Internet home sales portal Trulia's new monthly sales report says that asking home prices rose 12.1% last month, from the November 2012.
The report specifies the rate of price rises nationwide, noting that some hot markets are cooling. It says that the numbers are going up in 98 of the 100 largest U.S. metro areas. The quarterly increase is the fastest in five months, though lower than it was last spring.
Asking prices rose 1% in November from the previous month.
Trulia's press release quote:
“Homebuying is much less affordable at the end of 2013 than at the start,” said Jed Kolko, Trulia’s Chief Economist. “Prices rose faster than rents in all of the largest metros, even in San Francisco and Portland, where rents rose 10 percent or more in the past year. Higher prices, along with higher mortgage rates, could make renting a better deal than buying in some markets in 2014.”
You can see the report, including six hot sales metro markets and the rising rent rates, HERE.