Home Prices Continue to Rise
“Broad-based Slowdown for Home Prices”
That is a headline you might have seen over the past weekend. And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. Their latest report revealed that the rate of appreciation has slowed – not that prices are falling!! Here is exactly what they said:
“The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.”
Prices are still up this month over last year’s values (4.9%) just not as much as they were last month (5.6%).
Home Prices are NOT Falling.
As a matter of fact, the latest Home Price Expectation Survey by Pulsenomics (a survey of a nationwide panel of over one hundred economists, real estate experts and investment & market strategists) showed that home prices will continue to appreciate for the next several years.
Bottom Line
Both first time buyers and families thinking of moving-up to their dream home can be assured that their investment in their new home makes sense.
This post is a follow up to a similar post last week. Home prices are continuing to rise, but have risen recently slightly slower than the same time last year. This can be viewed as a good thing, drastic rising home prices, and unregulated lending practices, is what got us into the mess the whole country was in back in 2007-2008.
If you are a first time homebuyer, a buyer, or a move-up buyer, whatever the case may be, give John Hrisco & Associates a call today. We have the experience and qualifcations to help you find your dream home.
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