U.S. home prices rose 12.2% from a year ago in May, in seven years. Increase, which indicates that the housing recovery is strengthening.
Real estate data provider CoreLogic said on Tuesday that 48 states rising prices from a year ago. They just fell in Delaware and Alabama. But the three biggest prices in 100 cities rose.
Prices rose 26%, in the state of Nevada lead all. (20.2%), followed by California, Arizona (16.9%), Hawaii (16.1%) and Oregon (15.5%).
CoreLogic said, prices rose 2.6% from May 4 months, for 15 a month more than a month.
Stable employment and low mortgage rates and encourage more americans to buy homes. Demand is bigger, selling house and reduce the number of foreclosures are limited, pushed up oil prices. Price is still 20%, lower than peaked in April 2006, according to CoreLogic.
Hit the 5 million mark sales of previously occupied homes, in May for the first time in three and a half years. "Love" the proportion of sales is the lowest level in more than four years, for a second consecutive month. Imitation of the old new home sales including foreclosures and short sales. Short selling is when a family sells for less than what is a mortgage defaults.
Home sales are predicted to increase over the next few months. This is because the number of people who signed a contract to buy housing growth in June to the highest level since December 2006. Usually have between one to two months delay to sign the contract, and the sale has been completed.
The big worry is that higher mortgage rates could slow down the housing recovery. However, interest rates remain at historically low levels. Rate of increase may stimulate sales. This is because many people in the United States may take action, to lock in lower interest rates to rise further.
At the university of Michigan, released last week, a survey has found more and more americans believe it is a good time to buy a home, because the two interest rates and price began to rise.
Higher house prices has been two months. Average 30-year fixed mortgage rate jumped to 4.46% last week, according to buyers' mortgage fannie mae, Freddie Mac). This is the highest level in two years, more than a month ago a point.
Mortgage rates have risen sharply after the federal reserve chairman Ben Bernanke (Ben Bernanke,) said last month, the fed may cut its bond purchases later this year to end it, if the economy continues to strengthen next year.
Economists say, higher mortgage rates are unlikely to stifle a housing recovery. A more critical issue is whether potential buyers can get a loan. There are signs that the Banks have become more willing to extend a mortgage.



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