Another Report on Climbing Prices

  |  September 17, 2013
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Just to continue lighting a fire under your bellies, and to encourage many of you to join us in lamenting that we didn’t snatch up real estate at the bottom of the market, we offer you this report from the FNC Residential Price Index:

“(RPI) shows that U.S. home prices continue to climb higher, rising 0.7% in July. The index is reaching a three-year high as the housing recovery continues. The rapid declines in foreclosure sales and new foreclosure filings have diminished the impact of distressed properties on home prices. Meanwhile, steadily rising home prices and an expectation of continued recovery have stimulated housing turnover by prospective buyers who are in a position to take advantage of affordable home prices.”

Foreclosure sales, they say, “are approaching the pre-crisis levels.” Is it good or bad that we’re getting back to pre-crisis days? We’re not sure we’ve addressed the problems that led to the crisis in the first place!

Read On, Reader...