CoreLogic monitors Real Estate data throughout the country and produces statistical data monthly. This month there is a notable change in home values specifically in the hardest hit areas including Florida, Michigan, and Arizona. Other areas around the country including here in Houston has already seen increases in home values but some areas are still struggling. Based on this new study a larger portion of the country than previously thought is seeing a positive trend in the housing markets. Provided mortgage rates continue to stay low the trend will/should continue. The Federal Reserve stated they have yet to witness strong signs of inflation and have no near term plans to raise rates. Still, anyone seeking to purchase a home should seriously consider doing so while the values and rates are still low. Warren Buffet back in February stated that he would be buying "a couple hundred thousand of homes" if he had enough liquid cash and a means to manage all those properties.
For more on the report including a few statistical numbers click here.
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