As reported on Businessinsider.com
by Mamta Badkar
The U.S. housing market turned the corner in 2012. The latest home price report from Trulia says home prices were up 5.1 percent year-over-year nationally.
And the pace of increases has also picked up in the year. With home prices up 0.8 percent quarter-over-quarter in Q1, and up 2.3 percent in Q4.
We drew on Trulia’s latest report to highlight the top ‘turnaround markets’ of 2012 i.e. markets with the biggest increase in home prices between December 2012 and December 2011.
Note: The report looks at the 100 largest metros in the U.S. All price and rent changes are on a year-over-year basis.
Tacoma, Washington
Difference between 2011-2012:
+17.7 percent
Change in price December 2012:
+4.0 percent
Change in price December 2011:
-13.7 percent
Median price for Q4 2012:
$209,950
Source: Trulia
Fresno, California
AP
Difference between 2011-2012:
+17.7 percent
Change in price December 2012:
+9.0 percent
Change in price December 2011:
-8.7 percent
Median price for Q4 2012:
$184,000
Source: Trulia
Sacramento, California
AP Images
Difference between 2011-2012:
+17.9 percent
Change in price December 2012:
+9.5 percent
Change in price December 2011:
-8.5 percent
Median price for Q4 2012:
$249,900
Source: Trulia
Atlanta, Georgia
Difference between 2011-2012:
+18.9 percent
Change in price December 2012:
+9.0 percent
Change in price December 2011:
-9.9 percent
Median price for Q4 2012:
$159,000
Source: Trulia
Salt Lake City, Utah
Difference between 2011-2012:
+20.5 percent
Change in price December 2012:
+14.0 percent
Change in price December 2011:
-6.5 percent
Median price for Q4 2012:
$234,900
Source: Trulia
San Jose, California
Difference between 2011-2012:
+20.8 percent
Change in price December 2012:
+16.1 percent
Change in price December 2011:
-4.7 percent
Median price for Q4 2012:
$589,950
Source: Trulia
Oakland, California
Difference between 2011-2012:
+21.0 percent
Change in price December 2012:
+12.7 percent
Change in price December 2011:
-8.4 percent
Median price for Q4 2012:
$384,750
Source: Trulia
Phoenix, Arizona
Difference between 2011-2012:
+21.8 percent
Change in price December 2012:
+26.0 percent
Change in price December 2011:
+4.2 percent
Median price for Q4 2012:
$189,000
Source: Trulia
Seattle, Washington
Difference between 2011-2012:
+24.0 percent
Change in price December 2012:
+10.2 percent
Change in price December 2011:
-13.8 percent
Median price for Q4 2012:
$299,950
Source: Trulia
Las Vegas, Nevada
Difference between 2011-2012:
+27.5 percent
Change in price December 2012:
+16.3 percent
Change in price December 2011:
-11.2 percent
Median price for Q4 2012:
$147,000
Source: Trulia
Now see which states are still struggling with a foreclosure problem…
