Check out this great article! Home prices finally on the rise!

By
Real Estate Agent with Keller Williams Town & Country Realty

If you ask me about my view on the Tallahassee Market then I would have to say the time to buy is NOW! In a recent article posted by RISMEDIA Inc. , November 25, 2009, It is stated that home prices are finally on the rise. This article states that U.S. house prices rose modestly in the third quarter of 2009 according to the Federal Housing Finance Agency's (FHFA) seasonally adjusted purchase-only house price index (HPI).

 

The article also states that ]the HPI, calculated using home sales price information from Fannie Mae and Freddie Mac-acquired mortgages, was 0.2% higher on a seasonally adjusted basis in the third quarter than in the second quarter of 2009. The article says that over the past year, seasonally adjusted prices fell 3.8% from the third quarter of 2008 to the third quarter of 2009.

This is GREAT news and I think it is clear with home prices finally on the rise, the wonderful tax credit extension and interest rates the best they have been in years why would you not want to buy a home NOW!

 

To read this great article by RIS Media Inc. you can visit the link below

 

http://rismedia.com/2009-11-24/house-prices-increase-slightly-in-third-quarter-2009-first-quarterly-increase-since-second-quarter-2007/

For more information on the Tallahassee Market you can contact me! You can reach me at 850-591-2599 or email me at julie@ringtherivers.com

 

Julie Cox-Money

Buyer Specialist

The Rivers Team

850-591-2599

julie@ringtherivers.com

 

 

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Rainer
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Max Jamison
Max Jamison - Manhattan, NY

Unfortunately, I believe once the free money handouts are over, and things get back to normal times, we are going to see a dip in prices in many Florida markets, as well as other parts of the US.  Here in New York we will also see a dip. 

Nov 27, 2009 07:52 AM #1
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Rainer
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Gene and Rebekah Rivers

The Rivers Team, Broker/Owner
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