The hike in home prices is being demonstrated in three states where the markets were devastated by the real estate collapse, Nevada, Arizona and Florida.
A slowdown of bank listed REO homes precipitated by all 50 state attorney generals filing lawsuits against the nation’s largest lenders over the robo signing scandal also contributed to the increase. Housing markets that have experienced some of the steepest deflation in home values in the nation are witnessing appreciation.
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