Home Prices Close Out 2012 With a Bang

February 26, 2013

Source: US News

Home prices closed out 2012 with solid gains, according to a prominent industry report released Tuesday, cementing the notion that a once-feeble housing recovery continues to gain momentum. “The sustained housing price increases speak to the influence of investor money in reducing inventory and triggering previously reluctant home buyers to act before prices rise beyond their affordability,” Luis Vergara, wrote managing director of New York-based Mission Capital Advisors.

Visit External Link