Found this article on CNN Money, talking about how some experts believe that home prices may already be at their lowest. Since I’m still in the process of buying a home, I’m all about getting informed about the housing market. After all, I want to make sure we can still get a good deal on a home.
According to this article, some of the signs of home price increases mentioned by housing experts are:
- A decline in number of foreclosures – However, the experts also think that the number of foreclosures may go up before they go down.
- Continued job growth
- The increase of national average for asking prices – 1.4% increase in the first quarter of 2012
- Interest rates are expected to go up in the near future – You’ve seen it in some of our previous posts. Interest rates are at record lows for the past six months.
Check out the full article on CNN Money.
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