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National home values rising

  • June 27, 2012

National home values rising

Housing markets across the country are experiencing increased home sales and values, according to USA Today. Rising home sales - which climbed during May at the fastest rate in two years - are tied to prices and the overall economy.

"All the headlines are positive on house prices, and this is important because they've been going down for five years," UBS Investment Research economist Maury Harris told the news source.

Of the 20 major U.S. cities measured by the S&P/Case-Shiller composite index, 18 showed rising home values. This means that in those cities - New York, Boston, Chicago and Miami, among others - consumer confidence is rising and home values  are on an upward trajectory for the first time in a while.

For those considering moving out of state to one of those cities, now may be a particularly advantageous time.

"The combination of rising positive monthly index levels and improving annual returns is a good sign," David M. Blitzer, chairman of the Case-Shiller index committee at S&P indices said, according to the news source.

For those choosing to capitalize on the strengthening housing market, using a household moving company to help with the relocation is likely a good idea.


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