Sep 29, 2009

Home prices increase from June to July, 3rd straight rise

According to an article in USAToday, quoting the Standard & Poor's/Case-Shiller home price index released Tuesday, prices rose 1.2% from June. Though home prices are still 13.3% below July a year ago, they have risen for three months straight.

For full details on this article visit The increase in these asset prices can only be a good thing for the economy. The only hope is that while this trend continues Americans also spend some time thinking about savings and not only looking at their homes as piggy banks - and using them to fund a profligate lifestyle of consumption. While this behavior has sustained the world economy for a long time, the benefits can only accrue with the right kind of balance and of course growth across the world.

Home price increases can only be a good thing for companies like PrivoCorp - the fastest processors of Conventional and FHA loans in the country by virtue of our 24 x 6, streamlined and secure operations.

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