Home Prices Up In 40% Of U.S. Housing Markets

Posted on Aug 08, 2012

After 6 rough years, the housing market has found balance. According to Fiserv, during the first quarter of 2012, single-family home prices went up in 151 metropolitan housing markets versus the first quarter of 2011.

These 151 areas account for 40% of Fiserv's total tracked markets, which lead to a projected rise in home values to rise 5 percent between the first quarters of 2013 and 2014.

Cities hard-hit by last decade's housing downturn are showing strength. Home values in Detroit, Michigan, for example, gained 8.6% as compared to last year; and, Miami, Florida gained 6.4 percent.

Cities still struggling with high foreclosure rates such as Atlanta, Georgia; Las Vegas, Nevada; and, Memphis,  Tennessee showed an overall depreciation of -17.4%, -7.4% and -4.7%, respectively.

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