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.