Posted by: Marvin Remmich | October 8, 2012

Asking Prices Up, Rent Prices Rising Faster than Home Prices: Trulia

If current trends
persist, this year may be the first year since 2006 the housing market records
an annual price increase, according to a report released Thursday by Trulia. At
the current rate of change, the year could close with a 4 percent price increase.
Overall, asking prices rose 2.5 percent year-over-year in September and were up
0.5 percent month-over-month. Meanwhile, rent prices not only continue to rise
but also are rising faster than home prices.

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