Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Have We Hit a Bottom in the Market?

October 28th, 2009 · No Comments

The Case-Shiller Index numbers were released this past week and revealed 4 consecutive months of price increases meaning they’re going back up. We’ve all been so used to seeing this index say decreases that it’s a bit of a shocker.

Blitzer says there’s a real chance that we’ve turned the corner and finally done with price declines.

An interesting fact to note is that 70% of all the sales that took place were priced under $250,000. Do ya think the First Time Home Buyer Tax Credit is having an effect. Sure sounds like it is and I sure hope Congress extends it for a bit longer.

Tags: Market Forecast · Market Statistics