Dive summary:
- Figures compiled by the real estate research firm Trulia show that the housing market nationally ended last year with a 5.1% increase from December 2011 to last month – and 2011 had ended with a loss from the year before.
- Breaking it down, Trulia found that Phoenix rocketed to the head of the pack, with December 2012 up 26% from December 2011 while the company credited Las Vegas and Seattle – at 10% each – with having the most dramatic turnarounds.
- Rents tagged along with asking prices, rising 5.2% nationally and leaving sales-price increases well behind in Houston, Chicago, Philadelphia and Baltimore, Trulia said.
From the article:
"The housing market enters 2013 with a running start," said Jed Kolko, chief economist of Trulia. ...
