| Summer 2005
Home Prices climb !
“Red
Hot” housing market continues because of several factors,
says Realty Association. Labor Department states strong
job growth predicted for future that home prices continues
to soar. The national median home price rose 12.5% from
one year ago. “This market is red hot” said David Lereah,
chief economist for the realtor group. “Stars are certainly
aligned for the housing sector right now. I really do
not see an end to this going forward.” The supply of
homes is below the demand for homes. It seems this shortage
will continue.
California,
Florida and New York growth are leading the national
trend with the highest demand. These states appeal to
international buyers and buyers from the other sates
most of all. This demand has fueled the highest price
increase in the country.
Southern California continues
to be a wonderful area for investment and enjoyment is
real estate purchases. |