UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Home Prices post increase from 1Q to 2Q? Are home prices on the rise?

Posted by UtahCribs, Real Estate, Homes on August 25, 2009

I love the media, as you will notice over the next few days. I will be posting several articles explaining the change of media coverage for the housing industry. One source will say Home Prices are on the rise? And others will say we are in for a long haul? What is the truth?

Have we seen the bottom of the housing market? I have a business partner who would say stick to the facts. Or the numbers more specifically. Now I think you will enjoy this article. I will give a quick summary. As a whole most major cities throughout the US have seen an overall decline of 20 -30% depending upon where in the country you are located “obviously”. But if you take the statistics from the 1 quarter of 2009 and compare it to the 2 quarter of 2009 there has been an increase in purchase price. Now what does that mean? Basically means that the average sell has gone up over the last 3 months. Fact!

So as I do believe we are in this for the long haul, I also believe that stabilization is coming and hopefully sooner than later the rest of the media will realize that as well.

1 Quarter compared to 2 Quarter

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