Las Vegas Sun

May 18, 2013

Currently: 69° | Complete forecast | Log in

U.S. home prices rise in October by most in 6 years

WASHINGTON — A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market. Core Logic also said Tuesday that prices declined 0.2 percent in October from September, the second drop after six straight monthly increases. The monthly figures are not seasonally adjusted. The real estate data provider says the decline reflects the end of the summer home-buying season. Steady price increases are helping fuel a housing recovery. They encourage more homeowners to sell their homes. ...

Discussion: 1 comment so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

  1. What our little group has seen in implementing green house flips in several states outside of NV has truly close ties to this data.

    We buy low, green up the places we buy, and then turn them over. We are finding most folks want what we have, stay in their new homes longer and then sell them faster and for more money when they DO sell.

    Most of our homes are in the DC, Maryland, Virginia, Delaware, NJ, NY area or out west in Oregon or Washington. We perform deep energy make-unders and then fancy up the joints with Energy Star appliances, granite and stainless.

    Most of our homes get new roofs, great air-sealing and insulation packages and then really efficient mini-split heat pumps with solar driving them.

    Basically, what we do is discard the mistakes of previous builders and renovators and bring the place into 21st century, eliminate power bills and replace them with a check monthly for the generated juice not needed due to the efficiency and comfort within the home.

    What we have noticed is the demand for our kind of services is on the rise as is the interest in understanding, in training and in replicating what we do nationally.

    Real estate values depend ultimately upon the level of certainty one can have in the future. With green homes, the future is secure, the comfort is abundant, and the world is your oyster!

Post a comment

Commenting requires registration.

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy.

If you would like to submit your comment as a letter to the editor, you may submit it here.

Most Popular