Real Estate Update and Trends for Virtual Staging

NEW YORK (TheStreet) -- For a batting average, the real estate market couldn\'t be swinging much better. Trulia (TRLA), the San Francisco real estate online marketplace, reported last week that real estate asking prices have risen in 99 out of 100 major U.S. markets. Overall, U.S. homeowner asking prices are on a steady upward trend, rising by about 1.5% per month over the past five months and backing up what economists have been seeing and saying for most of the year: The real estate market is catching fire, and homes are appreciating at a sustainable rate after five years of declining prices. Even factoring in foreclosures, U.S. home prices are up 11.4% from June 2012 to June 2013. Trulia took a pragmatic approach in its most recent data release, though, noting that the rate of appreciation on U.S. home prices \"won\'t keep rising this fast.\" The firm cites higher mortgage rates as a big reason prices should lose some momentum. The 30-year fixed mortgage rate stood at 4.46% Friday, when mortgage brokers said most mortgage deals are closing at rates over 5%. Trulia also points to more inventory on the market (meaning more \"for sale\" homes for buyers to choose from), and reduced investor demand in real estate now that homes are getting more expensive to buy. \"Rising home prices have swept the country,\" says Jed Kolko, Trulia\'s chief economist. \"Local markets that suffered most during the housing crisis are seeing the biggest price rebounds today. Now even markets that escaped the worst of the bust like Chicago and Baltimore are seeing prices climb. However, these runaway price gains won\'t last: Both rising mortgage rates and slowly growing inventories should start tapping the brakes on home prices, preventing them from rising back into bubble territory.\" Soaring home prices could keep younger buyers out of the market, which could make it harder for so-called \"starter homes\" to move off the market. \"In the past year, buying a new home has become 20% more expensive,\" Kolko says. \"Roughly half of this higher cost comes from soaring home prices, which are up almost 11% in the past year. The other half comes from rising mortgage rates, which have added another 10% to the overall cost of homeownership.\" \"For young first-time homebuyers who don\'t remember life during and before the bubble, these rising costs are a rude awakening,\" he says. U.S. regional markets where home prices are rising the fastest include Edison-New Brunswick, N.J. (up 8.6%); Chicago (8.4%); and Kenosha County, Wis. (7.9%). Baltimore, St. Louis and New Orleans are among the other U.S. metro areas seeing the highest growth rates, with home prices all rising by more than 4.5% last month. Contact: Jim Gross 800-894-7033 EMAIL JIM http://www.virtualtourclub.com http://www.searchforalbuquerquerealestate.com http://www.realestatevideotalk.com/about http://www.marketinghomesonline.com http://www.stagingpads.comVirtual Staging New York | Virtual Staging Los Angeles | Virtual Staging Chicago | Virtual Staging Houston | Virtual Tour Philadelphia | Virtual Staging Phoenix | Virtual Staging San Antonio | Virtual Staging San Diego | Virtual Staging Dallas | Virtual Staging San Jose | Virtual Staging Jacksonville | Virtual Staging Indianapolis | Virtual Staging Austin | Virtual Staging San Francisco | Virtual Staging Columbus | Virtual Staging Fort Worth | Virtual Staging Charlotte | Virtual Staging Detroit | Virtual Staging El Paso | Virtual Staging Memphis | Virtual Staging Boston | Virtual Staging Seattle | Virtual Staging Denver | Virtual Staging Baltimore | Virtual Staging Washington | Virtual Staging Nashville | Virtual Staging Louisville | Virtual Staging Milwaukee | Virtual Staging Portland | Virtual Staging Oklahoma City| Virtual Staging Las Vegas | Virtual Staging Tucson | Virtual Staging Fresno | Virtual Staging Sacramento | Virtual Staging Long Beach | Virtual Staging Kansas City | Virtual Staging Mesa | Virtual Staging Virginia Beach | Virtual Staging Atlanta | Virtual Staging Colorado Springs | Virtual Staging Raleigh | Virtual Staging Omaha | Virtual Staging Miami | Virtual Staging Tulsa | Virtual Staging Oakland | Virtual Staging Cleveland | Virtual Staging Minneapolis | Virtual Staging Wichita | Virtual Staging Arlington | Virtual Staging New Orleans | Virtual Staging Bakersfield | Virtual Staging Tampa | Virtual Staging Anaheim | Virtual Staging Honolulu | Virtual Staging Aurora | Virtual Staging Santa Ana | Virtual Staging St. Louis | Virtual Staging Riverside | Virtual Staging Corpus Christi | Virtual Staging Pittsburgh | Virtual Staging Lexington | Virtual Staging Stockton | Virtual Staging Cincinnati | Virtual Staging Anchorage | Virtual Staging Saint Paul | Virtual Staging Toledo | Virtual Staging Newark | Virtual Staging Greensboro | Virtual Staging Plano | Virtual Staging Lincoln | Virtual Staging Buffalo | Virtual Staging Henderson | Virtual Staging Fort Wayne | Virtual Staging Jersey City | Virtual Staging Chula Vista | Virtual Staging Saint Petersburg | Virtual Staging Orlando | Virtual Staging Norfolk | Virtual Staging Laredo | Virtual Staging Chandler | Virtual Staging Madison | Virtual Staging Lubbock | Virtual Staging Durham | Virtual Staging Winston-Salem | Virtual Staging Garland | Virtual Staging Glendale | Virtual Staging Baton Rouge | Virtual Staging Hialeah | Virtual Staging Reno | Virtual Staging Chesapeake | Virtual Staging Scottsdale | Virtual Staging Irving | Virtual Staging North Las Vegas | Virtual Staging Fremont | Virtual Staging Irvine | Virtual Staging Richmond | Virtual Staging Huntington Beach | Virtual Staging Rochester | Virtual Staging Torrance | Virtual Staging Boise | Virtual Staging Spokane |