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Tuesday, June 29, 2010

Home Prices Rise for First Time in 7 Months

TUESDAY, June 29, 2010

Case-Shiller home price index posted a 0.8 percent gain for April

Due to government tax credits, home prices in April rose for the first time in seven months. The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday posted an 0.8 percent gain. Eighteen of 20 cities showed price increases in April from March. Dallas showed a 2% + increase.  Eleven cities reversed declines from the month before.

Only Miami and New York recorded price declines. New York hit a new low for the index.


Nationally, prices have risen 3.8 percent from their April 2009 bottom. But they remain 30 percent below their July 2006 peak.

My Response

Due to the tax credit expiration, housing sales are expected to decline. As a listing agent, since the tax credit expired, I have personally experienced showings slowing down, with an occasional spike over the weekends. However, to encourage anyone with a house on the market, if priced right, a home will sell. In spite of predictions, Open House events, for sale signs, buyers and sellers, and hardworking real estate agents, will continue exist. 

See original article Published by Associated Press

Teresa Noland
REPRO TEAM
The real estate professionals you can rely on.
I guarantee it!
www.TheREPROTeam.com

OPEN HOUSE!!!  Friday  July 2, 2010  1pm-4pm  1377 War Admiral, Winners Circle Gated Community, Terrell, TX

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