HOME PRICE INDEX IS UP SLIGHTLY FOR DECEMBER 2009
Posted by Bryan Guentner on Wednesday, February 24th, 2010 at 1:53pm.According to an article in the Sarasota Herald Tribune, home prices edged up in December, the seventh straight monthly gain and another sign the housing market is continuing its bumpy recovery.
The trend is important to the nation's economic recovery. For most Americans, their home is their largest asset, so as values climb, homeowners feel wealthier and more comfortable spending. For homeowners who owe more on their mortgages than their properties are worth, rising prices will rebuild equity.
Home sales data for January, out later this week, are also expected to show gains over year-end levels as buyers took advantage of low interest rates and temporary tax credits.
Data from the Florida Association of Realtors showed that prices in the Sarasota real estate market were up 5 percent from a year ago and up 4.6 percent from November. The median was $167,400.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real estate.
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