Home price rise for the 20th straight month-The time for you to buy a house is now. According to an online article by Mamta Badkar of www.BusinessInsider.com, it stated that U.S home prices,including distressed sales were up 0.2% on the month in October and up 12.5% on the year according to CoreLogic's latest report.
The latest Case Shiller data also showed that home prices posted the biggest gain since February 2006. But economists largely expect home price growth to slow the rest of the year and in 2014.
So what does this all mean to you the home buyer? Or the Homeowner who has been talking about selling his house? With the lack of inventory available in many real estate markets,home owners who really need to sell should take advantage of this real estate market while home prices are increasing.
And for home buyers who really need to buy a house,why wait and run into the crowd of home buyers that you are going to compete against come spring which will be here in no time when the real estate market is very busy when you can buy now and avoid less competition by having many more houses to choose from. We all know that very serious home buyers are looking to buy a house now instead of waiting until April when the selling season starts.
Well nobody can predict or forsee what's going to happen in the Real Estate Market-I've yet to read a prediction from a so called Real Estate Analyst who did get it right. So give me a call now and let him help you buy your dream home now before somebody else gets to it.
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