Whether you have owned a home for several years or for only several days now, you will be thrilled to hear that, according to data from the Case-Shiller index,the monthly value of homes increased for the first time in nearly 3 years.
If you have been on the fence about buying a home because you were concerned of your home/your investment going down in value after your purchase,I would encourage you to start house hunting (again). Let's talk about the market and your purchasing power! Oh,by the way, if you are a first time home buyer,there is still time to take advantage of the first time home buyer tax credit.
More great news for home owners and home sellers: the U.S. Department of Commerce reported that new home sales jumped 11%,the larget increase in more than 8 years.
If you are considering selling or just curious about what your home is worth, let's get together and talk about your local market. I am here to help.
It is a great day to be a home buyer or a home seller.
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Any investment can be overpriced no matter how great its fundamental value or how secure its prospects. In the absence of a more thorough analysis, it's reasonable to suspect that investments in a market that has been rising for a long time are overpriced. In itself that guideline isn't a signal to sell, it is a signal to make a closer examination.
ReplyDeleteA thorough anaylsis of real estate sales activity in one's specific neighborhood and anaylzing whether he/she can sell and walk away with cash or have to bring cash to the table would definately be in order if he or she is considering selling. You make a great point. I would add that it isn't a market to buy a home to fix and sell unless you are planning to hold onto the property 5-10 years.
ReplyDeleteThanks for your post.