Asking Prices Accelerate in Least Affordable Housing Markets

Asking prices are rising at an especially fast pace in the least affordable housing markets, according to Trulia.

Nationally, asking prices increased 9.5 percent year-over-year in May, but in the ten least affordable metros, asking prices spiked 16.3 percent during the same time period.

Trulia also found out of the 100 largest metros, 98 saw asking prices increase over the last year.

Among the least affordable markets, seven were in California. 

See the full article at http://www.dsnews.com/articles/trulia-asking-prices-accelerate-in-least-affordable-housing-markets-2013-06-07