Recently, people have put their money in to gold or silver, but looking at an investment over the long term most economists will tell you that housing has been the overall winner in the investment category!
Wednesday, August 31, 2011
Moving Up
Great news across the country!!! Broadly it looks like home prices have flattened out. That’s good news. Earlier this year, it had looked like we were looking for another leg down. You would like to see prices to go up, but we take what we can get. The 1.1% gain was the strongest of 3 straight increases. 19 of 20 cities increased with the exception, Portland, unchanged.
High end San Francisco housing is up .5% and the Silicon Valley houses are moving up rapidly. In fact, we have experienced multiple bids on REO's and Short Sales recently. The average normal home sale has been steady.
High end San Francisco housing is up .5% and the Silicon Valley houses are moving up rapidly. In fact, we have experienced multiple bids on REO's and Short Sales recently. The average normal home sale has been steady.
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