According to Trulia Price Monitor, asking home prices have increased 3.8%, the largest yearly increase to date and November indicated an annualized growth rate of 10%, proof that home prices are rising. Jed Kolko, Trulia’s Chief Economist says “The rise is due to job growth, falling vacancies and rebounding from price declines of the housing bust.” A large portion of metropolitan cities are now joining the price rebound. Rent has also increased 5.6% nationwide. more here
