Ever since January 2012, home values have increased by $158,100 in American states. January 2013 was the 15th consecutive month since when price of homes increased. The last highest annual increase was 7.5 percent in July 2006. This rise is the second highest with 6.2 percent. Investors can gain from such a situation and they can join the Ameraco Investors Network program to get more information on such properties. Let us have a look at what changes occurred in the property market in 2012.
• In January 2012, the top 5 places where maximum price rise was seen include Las Vegas, Phoenix, Sacramento, San Francisco and San Jose (not in any particular order).
• Las Vegas saw a rise of 16.2 percent, the percentage of homes in San Francisco was 17.2. Sacramento saw the lowest home value percentage rise with 13.7. Phoenix was at the top position with an increase of 21.9 percent. The rise in the value of homes in San Jose was 16.8 percent, close to that of Las Vegas.
• Though home values have increased significantly, foreclosures are still an important part of the market. From companies like Ameraco, you will be able to get information on such distressed properties.
• As foreclosed properties are still there, they have a twofold effect on the real estate market. The demand for rental homes will increase as people who have lost their homes in foreclosures will search for rents. The supply of homes will also increase as these properties make their entry again into the market.
• The effect of this increase will also have an effect on the value of properties in January 2013.
So, we can expect that similar trend will follow in this year and the coming years too, provided no major change happens in the real estate market. Investors can make the most out of this situation by joining the Ameraco Investors Network program.
• In January 2012, the top 5 places where maximum price rise was seen include Las Vegas, Phoenix, Sacramento, San Francisco and San Jose (not in any particular order).
• Las Vegas saw a rise of 16.2 percent, the percentage of homes in San Francisco was 17.2. Sacramento saw the lowest home value percentage rise with 13.7. Phoenix was at the top position with an increase of 21.9 percent. The rise in the value of homes in San Jose was 16.8 percent, close to that of Las Vegas.
• Though home values have increased significantly, foreclosures are still an important part of the market. From companies like Ameraco, you will be able to get information on such distressed properties.
• As foreclosed properties are still there, they have a twofold effect on the real estate market. The demand for rental homes will increase as people who have lost their homes in foreclosures will search for rents. The supply of homes will also increase as these properties make their entry again into the market.
• The effect of this increase will also have an effect on the value of properties in January 2013.
So, we can expect that similar trend will follow in this year and the coming years too, provided no major change happens in the real estate market. Investors can make the most out of this situation by joining the Ameraco Investors Network program.
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