Jul 30, 2009

Home prices rise across the US

According to the S& P Case-Schiller index, home prices have got their first monthly increase in over 3 years - which is definitely a good sign. This is according to a WSJ article this morning.

All other statistics about the mortgage industry rebounding and sales increasing etc, are not as valuable as this particular stat.

The question on most peoples minds is going to be can this be sustained, in the light of poor job growth numbers? Feel free to post your thoughts on the PrivoCorp blog.

No comments: