Home Prices Up - for now.
According to the S&P/Case-Shiller Home Price Index, national home prices jumped 3.6% in the past year. Prices also climbed 4.4% in the second quarter compared with a 2.8% plunge in the first quarter. Home prices across the country could be substantially
lower a year from now because there is a glut of inventory, which a slew of bank repossessions of foreclosed properties is only making worse. Plus job gains are still proving uncooperative.
There is a clear line on how to invest in real estate. If you can qualify for a loan you can buy a home, and now more than ever in the last 10 years have prices been so low, although climbing, still overall fair market value is at hand.
See you at the top because we will help you get there!
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