Thinking about selling your home and not having the results you were expecting ? Maybe thinking about becoming a landlord for the first time ? Even though the housing recovery is underway it might be some time till your home sells or till you can break even. With many home owners being underwater, selling now is selling at a loss.

From February 2012 to February 2013, home prices posted their largest annual appreciation in the past 7 years. This was the largest year over year increase since March 2006. Corelogic, the company that produced the report, mentions that March year over year home prices should stay in line with February's record numbers.

As the American Real Estate Market continues to improve, information about the home buying process is important in getting the best possible deal for your home purchase or home sale. A new buyer or seller sometimes may have outdated information about the real estate market which can hurt them on closing day.

"We started out offering our best and final offer," stated Jon Moorman a software engineer who recently purchased a condo in the Jamaica Plain area of Boston. Previously Moorman began searching for a two bedroom condominium in Cambridge and Somerville. That search ended quickly as numerous home buyers were vying for the limited number of homes in the $300,000 to $500,000 home price range.

Southern California continued to have a strong home sales month in February. The area recorded its highest sales in the month of February with 15,945 home sold in the Los Angeles, Orange, Riverside, San Bernandino, San Diego and Ventura counties. Although it was a .7 percentage point lower from January 2013, it was was still higher by 21% year over year for the month of February.