Prices Are Trending Back Up!

Every major price index points to a housing market that has hit bottom and is moving in a positive direction. After 30 months of declining values, home prices appear to be stable or appreciating in nearly every U.S. market. In August of 2010, the median home price was $182,600, amounting to an 11 percent increase over the low that was reached in February of 2010 at $164,000.

Standard & Poor’s Case-Shiller index reported during the first week of September that home prices were up in 15 of the top metropolitan areas, amounting to a nationwide gain of 4.2 percent over this same time last year.

In other words, staying on the fence and waiting for prices to drop further is OVER!