Home prices rebound to two-year high

September 17th, 2012

Home prices have increased to a two-year high, signaling that housing recovery is continue.

Transferees who are taking on long-term assignments in the United States may benefit from strengthening home prices and a faster purchasing rate, new data shows.

The results of real estate broker RedFin's Real-Time Home Price Tracker for August 2012 reveals home prices rebounded to their highest level in two years by showing an annual gain of 5 percent across 19 markets. Although prices fell 2.5 percent since July, analysts say that price drops during this time period are common and remain optimistic about the recovery of the housing market.

"While September now seems likely to be down nearly 20 percent from August's peak, we were surprised after Labor Day to see a relatively large number of new customers begin touring homes for the first time, which has given us reason to be optimistic about the rest of the fall and even the year ahead," said RedFin CEO Glenn Kelman.

Transferees who plan to purchase a home, rather than rent, can reach out to a mortgage consultant about the local markets that are thriving and experiencing consistent home price improvements in the areas to which they are relocating.