The nationalmortgagenews informs MHProNews the asking price for homes has risen 9.5 percent May 2012 to May 2013, according to the Trulia Price Monitor, with increases in 98 of 100 largest metro markets. By removing foreclosures from the equation, it jumps to 10.5 percent; but on a seasonally-adjusted basis prices have increased 1.1 percent above April. With eight of the ten least affordable markets posting double digit gains in asking prices, people in those markets may look to relocate to less expensive areas. Honolulu, the least affordable market, had a year-over-year rise of 13 percent, while Oakland, Calif. saw the largest price increase at 31 percent.
