Friday, September 10, 2010

More Upward Indications:
Well, while they admittedly are not skyrockets, we are still seeing evidence of some strengthening in the housing market. Each week some analyst or firm that follows the housing market announces an increase in pricing or the numbers of homes sold, no matter how slight that increase may be.
This week it's the turn of Zillow. While Zillow has some limitations in the accuracy of its pricing sue to the fact that it bases its figures on nearby comps, and this accuracy can be very heavily impacted by whether or not the nearby comps are the same style, design and/or age of the subject home (read, tract or not), the fact remains that even in their methodology prices are trending up. As I said at the top of the article, we're not seeing skyrocket increases like those of a few years ago, but still, up is UP!
More next week.

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