In this hyped-up headline-grabbing world in which we live, those who just glean the headlines will think the real estate market is back in order.
This from Reuters:
U.S. home prices in August rose for the fourth straight month, surpassing forecasts and providing the latest sign that the hard-hit housing market is stabilizing after a three-year slump, according a report on Tuesday.
San Diego’s C-S index went up 1.5% from July to August, 2009, and -8.9% year-over-year.
All it does is give the gleaners a false sense of security that everything is back on track.
Don’t believe it. Instead, look around your local market area – that’s the real truth.