Home asking prices rise in six of seven swing states

Asking prices in six of seven swing states have increased year-over-year, Trulia reported, adding that this could be good news for President Obama. The swing states were designated by political data site RealClearPolitics.com.

Two such states, Nevada and Florida — the center of the foreclosure crisis — have seen 7 and 6.9 percent year-over-year increases in asking prices, respectively. Arizona posted an 18.1 percent year-over-year increase in asking prices and Michigan a 7.9 percent increase; whereas Colorado posted a 5.5 percent year-over-year gain, Iowa a 3.2 percent one and Missouri a 2.4 percent year-over-year climb.

However, as The Real Deal reported today, Florida remains the most stricken state in terms of foreclosure inventory, with 11 percent of all its mortgaged homes in foreclosure — a 1.1 year-over-year decline. [Trulia] — Zachary Kussin