June 2013 Home Prices Up Another 2%, Rents Continue Climbing

June 3, 2013

by Mike Simonsen

2 comments

US real estate prices rose another 2% in May to begin June 2013 up 10% over last year at this time, and up 24% since the botton of the market March 18, 2011.

Home prices will peak for the year at the end of June and begin a normal, seasonal stabilization and decline for the second half of the year. Year over year, the data looks very clear that home prices will end the year up 10-12% over where they began 2013.

 

Housing prices as of June 2013
US Real estate prices as of June 1, 2013. Single family homes composite across 20 major US markets. Source: Altos Research

Rents Climbing Monthly

Rents, as measured across both single family homes and apartments, were up 0.4% in May and up 6% year-to-date. Rents and home prices are moving in tandem as household formation grows (movin’ on out after five years of staying at home with mom.)

rents prices as of June 2013
US rental rates as of June 1, 2013. From a sample of nearly 1 million homes and apartments for rent across the US each week. Source: Altos Research

Altos Rental Intel

If you’re interested in the full rental data, Altos is the only place where you can get not just rental rates, but the full set of properties listed for rent for your analytics and research. See Altos Rental Intel for details.

{ 1 comment }

Erik Cabral June 3, 2013 at 4:06 pm

Nicely done.

It’s always a surprise to me to see how little homeowners (sellers, in particular) give to market analysis.

Investors certainly feed off of it, and well, I guess that’s why they’re in a position to invest. ;-)

Comments on this entry are closed.

{ 1 trackback }

Additional comments powered by BackType

Previous post:

Next post: