Tag Archives: Home prices rise for first time in 18 months: RE/MAX

For the first time in 18 months, home prices increased year-over-year in February, a turnaround that RE/MAX said signifies a “very active selling season.” A RE/MAX housing survey released Wednesday shows national home prices in February rose 1.1% from a year earlier and 1.4% from January to $171,881. Of the 53 metro areas included in the survey, 24 experienced price increases from February 2011, including: Miami (20.5%), Orlando, Fla. (15.8%), Phoenix (12.5%), Tampa, Fla. (11.1%), St. Louis (9.8%) and Detroit (8.9%). Home sales in February rose 8.7% from a year […]