Asking home prices post robust growth in June
June was a strong month for asking home prices in the U.S., marking a 10.7% increase in year-over-year figures, according to the latest findings from Trulia. Nationally, asking home prices bottomed in February 2012 -- but the turnaround has been uneven.
Without foreclosures factored into the mix, asking prices rose 11.4%, which, according to Trulia analysis, indicates that the growth largely relies on factors outside of the shift away from distressed homes. The company stated that growth would eventually slow as mortgage rates rise, supply grows and demand weakens.
Regionally, growth was a consistent factor in 99 out of the 100 largest metro regions. Among those with the strongest recovery rates (7% or more) were Edison-New Brunswick, NJ; Chicago; Lake County-Kenosha County, IL-WI; and Baltimore.
The figure was based off the Trulia Price Monitor and Trulia Rent Monitor, which monitor Trulia listings and track monthly changes and trends.