Sunday, November 11, 2012

HOUSING MARKET RECOVERY -- IT'S ON!

HOUSING MARKET RECOVERY: Third quarter home prices and home sales both showed strongest growth since 2006, according to the latest report by the National Association of Realtors. The national median existing single-family home price jumped 7.6 percent from a year ago, the strongest year-over-year increase for any quarter in six years. Inventory -- along with interest rates -- remains low, spurring a more competitive housing market with multiple offers and bidding wars once again.