|Asking-Price Changes in Swing States|
|Swing State*||Y-o-Y % change in asking prices, Sept 2012|
|* as categorized by Real Clear Politics, as of October 2.|
|September 2012 Trulia Price Monitor Summary|
|% change in asking prices||# of 100 largest metros with asking-price increases||% change in asking prices, excluding foreclosures|
|Month-over-month, seasonally adjusted||0.5%||(not reported)||0.6%|
|Quarter-over-quarter, seasonally adjusted||1.6%||86||1.9%|
|Metros with Largest Year-over-Year Asking Rent Increases|
|#||U.S. Metro||% change in rents, Y-o-Y, Sept 2012||% change in rents, Y-o-Y, June 2012|
|7||San Francisco, CA||7.2%||14.5%|
|10||Minneapolis-St. Paul, MN-WI||6.0%||5.2%|
|Among the 25 largest rental markets.|
- ”The timing of the housing price rebound couldn’t be better for President Obama,” said Jed Kolko, Trulia’s Chief Economist. “Prices are up sharply in Nevada and Florida, two swing states that suffered a lot of housing misery, and have risen in six of the seven electoral swing states. Rising prices take pressure off the candidates to propose housing solutions before the election – and make it harder for Romney to criticize the Obama Administration’s housing record.”
- ”As asking prices continue to climb, 2012 will almost surely be the first year of rising home prices since 2006,” said Jed Kolko, Trulia’s Chief Economist. “Right now, prices are recovering across the country, with few local markets left behind. While some of these increases are a bounceback from the huge price declines during the recession, price gains are strongest where job growth has boosted housing demand and where declining inventories lead to tighter supply.”
- To read the full report, see here.
- To download the full list of price and rent changes for the largest metro areas, see here.
- To download a graph of price changes from November 2010 to September 2012, see here.