November 24th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV
The Fourth Monthly Increase in a Row
The Standard & Poor’s/Case-Shiller home price index of 20 major cities rose for the fourth month in a row. Another reading of home prices by the Federal Housing Finance Agency held steady from August to September.
A few bullet points from today’s Associated Press article:
- Analysts expect prices to dip again this winter as foreclosures increase and economic growth remains modest.
- Home prices are a key ingredient to rebuilding the economy.
- Homeowners feel wealthier when their property appreciates in value and are more likely to spend money.
- Rising prices also help millions of homeowners who owe more to the bank than their homes are worth.
(full article here)
Tags: Associated Press, Case Schiller Index, Gary Bolen, Lake Tahoe Real Estate Blog, Luxury Homes Sales, REALTORS, Richard Bolen, South Lake Tahoe Home Sales, South Lake Tahoe Listings, South Lake Tahoe Real Estate, South Lake Tahoe Real Estate Agents, Standard and Poor, Stateline NV
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