More Positive Housing News

 |  Includes: ITB, IYR, REZ, XHB
by: Mark J. Perry

1. Trulia's monthly report on Asking Prices was released today:

In February, asking prices rose 1.4% month over month, seasonally adjusted -- the highest monthly gain since the home price recovery began. Year over year, asking prices rose 7.0% and were up in 90 of the 100 largest metros, with the biggest gains in Phoenix, Las Vegas, and Oakland. Quarter-over-quarter prices rose 3.0%, seasonally adjusted -- yet another post-recession high. February also marks the one-year anniversary of when prices bottomed nationally.

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2. According to 's latest National Home Sales Snapshot based on actual real estate transactions in 98 of the largest 100 U.S. metro areas, home sales increased by 11.8% for the 30-day sales period through Feb. 28, and the median sales price also increased by 11.8%.

With every new positive report on the U.S. housing market, a strong case is building that 2012 was definitely the year of the housing recovery. Today's reports from CoreLogic, Trulia, and DataQuick provide the most recent evidence that the housing recovery is real and sustainable as we move into 2013, and will likely gain momentum going forward through the rest of the year.