Home Prices Show Greatest Rise in Two Years
Home prices have posted the biggest percentage gain in more than two years in the third quarter. The 3.6% increase from a year earlier is more than three times the rise in the previous quarter and was the biggest jump in prices since the second quarter of 2010.
This rise has been sparked as the housing market has shown a number of signs of recovery in recent months. With low mortgage rates, an improving job market and a decrease in foreclosures, now is the time for buyers to purchase their ideal home.