According to National Association of Realtors median housing prices reached a low in February 2008 of $195,600 from the $230,200 peak reached in July 2006. However, since February, prices have risen for 4 months to a median price of $208,600, a 6.6% increase. Is now the time to buy? Has housing reached its bottom? No one ever knows, but if you can afford to jump into the housing market and you're buying a home for the right reasons, you know like shelter and a long term nestegg, it may be right for you. You can read the whole story here. Housing Prices Rise For 4 Months
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Razor, La Jolla, CA
Portabello, Corona Del Mar, CALabels: homes, housing prices, real estate |
