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.

 

 

 

 

 

 

Homes for Sale in Lochmere

Sign up for Listing Alerts to stay on top of the market in Lochmere - Cary, NC.

If there is a specific home you are interested in or have a type of home in mind in Lochmere, give me a call.  (919) 714-1571.

I live here and know many of the residents.  Through my Monthly Newsletter delivery and meeting my neighbors, often I know of upcoming listings before anyone else. 

If you are curious about your home value in Lochmere, I'd be happy to prepare a courtesy market analysis for your home.  I am a licensed contractor, home inspector and appraiser and have indepth knowledge of the local market.