Home Prices Continue to Rise

    News

    “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.

    Looking for more information about your market?

    Our team of experienced agents are here to answer your questions and make sure you are the most informed about what you need to know to buy SMART.

    Contact us today!

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    office 800.214.1245

    email homes@thedaileygroup.com

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    Source Credit: http://www.keepingcurrentmatters.com/2014/12/01/home-prices-continue-to-rise/

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