US home prices rise 12.1 pct. in April from a year earlier, biggest gain in 7 years

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: June 25, 2013 - 2:39 PM

WASHINGTON — U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery.

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rogerbJun. 25, 13 9:24 AM

Good news for sellers, realtors and property tax collectors. Bad news for buyers and owners who aren't going anywhere.

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toomuchinfoJun. 25, 1310:01 AM

Even with this hike our motgage is still upside down. Wonder when (and if) we will get back to break-even?

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pitythefoolsJun. 25, 1311:43 AM

Bounce around on Zillow in Twin Cities zip codes. They're forecasting around 2% increase in the next year. Last year they were showing increases less than 2%. I wonder just where these magical 12.1% number are coming from?

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mattaudioJun. 25, 1311:58 AM

It doesn't mean the average individual home's market price jumped 12.1%, it means the average aggregate sale price jumped 12.1%.

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brainerdguyJun. 25, 1312:42 PM

republicons HATE good news!!!

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circleoflifeJun. 25, 13 1:22 PM

Democons NEVER let a crisis go to waste and HATE self efficiency!

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circleoflifeJun. 25, 13 1:38 PM

Possibly a good time to sell?????? I hope this means realtors can get back in the game again. I know a few realtors that lost virtually everything because of the housing bubble......

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svttomJun. 25, 13 4:03 PM

It's obvious that cheap money and low rates are leading to the increase along with overzealous real estate agents who know the next 1-2 years will be the last hurrah before the bubble bursts again (they won't tell you that, though.). It's a great time to sell if you have decent equity and income. In all honesty, if you have a decent chunk of equity along with sufficient assets/income and if your family situation allows, sell your house, rent for the next 2-3 years and wait for the bubble to burst again. As long as you save the recognized equity from the sale of your house you will be well prepared and will be able to buy a house at a huge discount even factoring in (supposedly) higher interest rates down the road. Many people still haven't learned from the the first time they had a foreclosure/shortsale and are buying again. Keeping up with the Jones' is and will continue to be alive and kicking.

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