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Home Prices Continue to Rise

Monday, December 1, 2014   /   by Josh Roy

Home Prices Continue to Rise

THE ROY GROUP

WHAT MATTERS MOST TODAY?

December 1, 2014  by  JOSH ROY

 

 

 

Home Prices Continue to Rise

 

“Broad-based Slowdown for Home Prices”

 

That is a headline you might have seen over the past weekend. And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. Their latest report revealed that the rate of appreciation has slowed – not that prices are falling!! Here is exactly what they said:

 

“The 20-City Composite gained 4.9% year-over-year, compared to 5.6% in August.”

 

Prices are still up this month over last year’s values (4.9%) just not as much as they were last month (5.6%).

 

Home Prices are NOT Falling.

 

As a matter of fact, the latest Home Price Expectation Survey by Pulsenomics (a survey of a nationwide panel of over one hundred economists, real estate experts and investment & market strategists) showed that home prices will continue to appreciate for the next several years.

 

Projected Prices

 

Bottom Line

 

Both first time buyers and families thinking of moving-up to their dream home can be assured that their investment in their new home makes sense.

 

 

 

 

 

 

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