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.
Do you agree or disagree? Let us know your thoughts!