According to a recent data analysis done by CoreLogic, in December 2012, home prices rose for the tenth consecutive month with a 0.4 percent increase from November 2012. When compared to December 2011, this increase is even more significant, with December 2012 at 8.3 percent higher than December 2011. In fact, the year over year increase in home prices marked the biggest increase in the index since May 2006!

“We are heading into 2013 with home prices on the rebound,” said Anand Nallathambi, President and Chief Executive of CoreLogic. This data from CoreLogic helps to reinforce the expectation that the US housing market is on the rebound, despite the fact that the process has been slower overall than other recoveries.

Even though national home prices are steadily rising, the pace of recovery is different for every state and locality. The recession has impacted each part of the country differently, which contributes to the varying paces of recovery. 46 out of 50 states recorded home price increases last year and the states with the highest home price appreciation included: Arizona – up 20.2 percent; Nevada – up 15.3 percent; Idaho – up 14.6 percent; California – up 12.6 percent; and Hawaii – up 12.5 percent.

As we begin 2013 with national home prices on the rise, you may consider taking advantage of the housing market recovery and selling your Orlando home. If you need assistance selling your home, our Orlando title insurance company stands ready to help you with reliable listing agent referrals, title insurance and escrow closing services. Give our Orlando title company a call at 407-615-8550 today!