Home Prices Rise in Many Metropolitan Areas
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It's a topsy-turvy world out there, and the real estate market is no exception. Just as reports have been flooding in, anticipating another drop in home prices, a new one from the National Association of Realtors is out, reporting that home prices are up in most metropolitan areas
. The main reason? Distressed homes now account for a smaller percentage of home sales than they did a year ago. Of the 155 areas that the NAR tracks, 14 have registered double-digit growth. The top appreciating market, with a 36 percent growth rate, was in Akron, Ohio. Hey ho, way to go Ohio!
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