Posted by Charles_Ca on 4/23/08 9:03pm
Msg #244780

Home prices rose 0.6% in February demonstrating that

there is still no better investment than real estate!

"HOME PRICES ROSE 0.6 PERCENT IN FEBRUARY ACCORDING TO MONTHLY HOUSING INDEX
U.S. home prices rose by roughly 0.6 percent between January and February according to the latest monthly House Price Index from the Office of Federal Housing Enterprise Oversight (OFHEO). Since its peak in April 2007, the index is down 3.1 percent."

The index is down from its peak in April 2007 but that only means that homes are not appreciating as fast but they are still appreciating.

Reply by jba/fl on 4/23/08 9:14pm
Msg #244782

There is hope I can sell??!! Can't be soon enough! n/m

Reply by PAW on 4/24/08 7:13am
Msg #244809

Maybe in CA or "overall"

But locally here, the housing prices are still in decline, according to the latest local figures. For Citrus County, FL, the average price of homes declined 0.2% in February, though the national average increased. (Seasonally adjusted.)

Reply by Mona/MD on 4/24/08 7:30am
Msg #244811

where? Where?

Reply by Marlene/USNA on 4/25/08 9:08am
Msg #244983

Not so good in March

from Bloomberg, dated April 22:

Purchases dropped 2 percent, less than forecast, to an annual rate of 4.93 million, from 5.03 million in February, the National Association of Realtors said today in Washington. The median sales price declined 7.7 percent from a year earlier.

http://www.bloomberg.com/apps/news?pid=20601068&sid=aWVRhcBl3XC8&refer=home