The headline yesterday read…Home Prices Post Best Yearly Increase Since 2006. See, I’m not kidding! Home sellers…this is great news for you. Rising prices coupled with low, low inventory make for a primo time to sell your home. Buyers…if you’re going to do it…DO IT NOW. If you are on the “ledge” of being able to purchase a home now, but you are considering waiting until the end of 2013 or later…I urge you, don’t wait. Prices will continue to rise and you will find yourself paying more. Please let me know what I can do to help you or answer any questions!
Home Prices Post Best Yearly Increase Since 2006
Published March 26, 2013; Reuters
survey showed on Tuesday.The S&P/Case Shiller composite index of 20 metropolitan areas gained 1% month-on-month in January on a seasonally adjusted basis, topping expectations for 0.9%. Prices have been gaining since last February.On a non-seasonally adjusted basis, prices rose 0.1%.Prices in the 20 cities climbed 8.1% year-over-year, also beating expectations for 7.9%. It was the biggest yearly increase since June 2006, when housing prices were on their way down as the market was starting to collapse.