Home prices are at level not seen since 2003. Prices have fallen 30 percent from the peaks of 2006.
The good news is home prices posted their FIRST quarterly increase in three years, This is signaling the housing market has turned a corner, Don't get me wrong prices have a long way to go to recover completely.
This report is based on 20 major cities. The increase was 1.4% from May to June. All but two cities, Las Vegas and Detroit, saw home prices rise. Dallas and Denver clocked their fourth-straight monthly increase.
I have written several contract just this week over asking price and the buyers still didn't get the house! The buyers are realizing what value is out their and trying to get in the market before its too late
This will all be behind us sooner than you think!!!! Buyers need to be buying don't wait!!!
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