National home prices increase in September

On a quarterly basis, prices increased 3.6 percent from the third quarter in 2011.Although a number real estate experts expected a slow in home price gains in the latter half of 2012, nationwide property values continued to trend higher in September.According to the latest Standard & Poor's/Case-Shiller Home Prices Index, the 10- and 20-City Composites both appreciated 0.3 percent from the previous month. Meanwhile, on a quarterly basis, prices increased 3.6 percent from the third quarter in 2011.”Home prices rose in the third quarter, marking the sixth consecutive month of increasing prices,” said index committee chairman David Blitzer.As property values increase, this development could give current owners the incentive they need to list their home on the market, which could give prospective buyers additional options to make the transition to homeownership.While these trends slowly take hold on a national level, Houston real estate experienced rising prices and increased sales for much of 2012. In October, the average price of a single-family home appreciated 8.3 percent to $223,366, which is well above the national average, according to the Houston Association of Realtors.? Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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