The prices of single family homes in the US has risen for the eight month in a row. The S&P Shiller index of 20 metropolitan areas unexpectedly rose by .3% seasonally adjusted matching the December increase.
“Whether there is housing market stability remains to be seen, without government incentives,” said Pierre Ellis, senior global economist at Decision Economics. “Healing is happening, but it’s happening very slowly.”
Pricing is also the lowest it has been in quite some time. Now could be the time to buy, with mortages rates at 5% and projected not to increase greatly within the year, itcould be perfect time to make the investment of real estate.
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