Home Prices Continue To Rise

Dated: 12/01/2014

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“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.
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Lee Williams

Lee Williams brings 18 years of solid mortgage banking, investing and real estate expertise to Keller Williams Realty and our clients. Throughout his award-winning real estate career, Lee has gained a....

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