A rise in home prices - the light at the end of the tunnel?

 



July home prices nationally had a reported rise of 3.8%, the biggest increase since 2006.  The July 2012 figures mark the fifth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis. 

 

Many financial experts are saying they are seeing the light at the end of the tunnel. Real estate is cyclical and what goes up, must come down and vice versa.  Stability is what makes the ups and downs less volitile. 

 

Although our local area was affected with the decline in the overall housing market, it was not as hard hit as many areas that saw giant appreciation growth.  The stability of the local market made it less volitile.