Home Prices Rise for First Time in 7 Months

June 26, 2012

Source: CNN Money

Tight inventories of homes for sale in certain markets bode well for continued price gains in those areas, said Luis E. Vergara, director of Mission Capital Advisors in New York. But that’s not enough. “We still need to see greater breadth across markets on a consistent basis to say that we’ve reached an inflexion point and recovery is underway at the national level,” he said.

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