More good news
Today's Case-Schiller report is out. Shows a 3 month in a row increase in the price of housing in 15 of the top 20 metro areas.
Despite the increase the average house is still 36% below its price of 2007. Prices on average are where they were in 2003.
The worse city- Las Vegas. prices are off 56% and still declining.
The report is being celebrate as saying the bottom in housing is here. Inventories of unsold homes are down. There are still the usual warnings about more housing in the foreclosure pipeline. And worries that unemployment is still to high and posing risks to more parts of the economy. And there are signs the tax credit for new buyers will be extended.
Real estate investors tend to be optimists. In fact, optimism is probably a key belief in anyone who expects a return of their investment and a return on that investment.
So are you seeing good news in your markets?
Despite the increase the average house is still 36% below its price of 2007. Prices on average are where they were in 2003.
The worse city- Las Vegas. prices are off 56% and still declining.
The report is being celebrate as saying the bottom in housing is here. Inventories of unsold homes are down. There are still the usual warnings about more housing in the foreclosure pipeline. And worries that unemployment is still to high and posing risks to more parts of the economy. And there are signs the tax credit for new buyers will be extended.
Real estate investors tend to be optimists. In fact, optimism is probably a key belief in anyone who expects a return of their investment and a return on that investment.
So are you seeing good news in your markets?
