Home Prices Are Rebounding

This US Report suggests what we are experiencing in our local housing market. We have seen a positive turn in 2012, and the popular opinion is that we will continue to see an improving real estate market. We have begun to see some rising home prices in the region, continuing a slight rebound for a second straight month. While one month does not make a trend, particularly during seasonally strong buying months, the combination of rising positive monthly index levels and improving annual returns is a good sign. Although home prices have not necessarily seen a significant increase, we have seen an increase and speed of which homes are selling – and with a lot of sales for over-asking price. The expecttions is that only a matter of time until the market clearly reflects an increase in home prices.  We are expecting home prices to cautiously start moving up into and thrrough 2013. Click this link to view the US Housing Report