Wednesday, January 27, 2010

Lukewarm Good News:

Well, the monthly Case-Shiller report came out, and it shows continued increases in prices in 14 of the 20 metro areas it tracks. These increases are only month to month, NOT compared with a year ago. So, the trend is encouraging, but shows the market is still a long way from its vibrant days of the mid-2000's. The analysts feel that the news is encouraging, but, as with many things at present, must be taken with care. Such things as the huge REO 'shadow inventory' of unmarketed REO homes pose a major question, as do the economy and the jobless rate. But it's a nice trend even with these items to be aware of.


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