Tuesday, October 16, 2012

Home Prices Rebound

According to CNN Money, home prices rebounded in July to the same level they were nine years ago.  

"The news on home prices in this report confirm recent good news about housing," said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. "Single-family housing starts are well ahead of last year's pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing."

This latest sign of improvement nationally is also apparent here in the Boulder market.  The average sales price in the city of Boulder was up 9.5% year to date (August 2012 over August 2011).  Read more statistics at Chamberlin Investment Group.



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