| Summer 2006
Home
Prices UP !
U.S. home
prices went up by 12.5% for the first quarter of 2006
compared to the last year's first quarter. This has
surprised many according to the Federal Housing Loan
department.
Harvard
University Housing Research Center states that even
if the U.S. housing market slows down a little, there
will be no price burst. They see more divorces, children
leaving parents' home, immigration and population increasing
which accelerates the forming of new households. Furthermore,
major economists expect there will be no unemployment
rate or interest rate rise which causes housing bubble
burst. These factors add up to strong support for a
continued increase in the price of U.S. homes.
California continues to
be a great place to buy a home for fun and profit!
|