Homes condos Montgomery Md Rockville Gaithersburg Germantown, Short sale foreclosure expert: November 2012

Looks Promising! Home prices: Biggest rise in more than 2 years

 

Good Article to read …Spring 2013 looks promising!


Home Prices:

Biggest Rise in More Than 2 Years

 

 

Home prices: Biggest rise in more than 2 years

 

NEW YORK (CNNMoney) -- In another sign of a housing market rebound, home prices posted the biggest percentage gain in more than two years in the third quarter, according to the closely followed S&P/Case-Shiller index.

The 3.6% increase from a year earlier is more than three times the rise in the previous quarter and was the biggest jump in prices since the second quarter of 2010. But that 2010 rise was much more of a temporary blip caused by a homebuyer's tax credit of up to $8,000 on homes purchased in late 2009 and early 2010.

This latest rise comes as the housing market has shown numerous other signs of recovery in recent months. The rebound is spurred by a combination of record low mortgage rates, improving jobs market, and a drop in foreclosures to a five-year low, reducing the supply of distressed homes available. There is also a tighter supply of both new and previously owned homes on the market.  

The improvement in housing market fundamentals have helped to lift the pace of both home sales and home buildingRead More>

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Rick ReedTo search an entire database of homes for sale in real-time with photos, descriptions, and community information, please visit my website: www.premiermarylandhomes.com

Rick Reed, G.R.I., CDPE- Certified Distressed Property Expert 

Assoc. Broker/Owner "The Congressional Team" RE/MAX

Licensed in MD & Wash DC

8937 Shady Grove Court
Gaithersburg, MD 20877
Cell: 301-742-1172
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Comment balloon 0 commentsRick Reed • November 28 2012 09:48AM
Looks Promising! Home prices: Biggest rise in more than 2 years
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