Friday, January 29, 2010

Home Prices Rise for 6th Straight Month

According to the Denver Post, home prices rose for the 6th straight month in November.

The list of cities with price increases, on a seasonally adjusted basis, also included Los Angeles, San Diego, Denver, Boston and Charlotte, N.C.

The price increases will help home owners that owe more than they currently owe on their mortgage.

The tax credit for home buyers was extended through April 2010 and should encourage those that have been thinking about buying a house this year. Many real estate agents are looking forward to a busy spring house hunting season for home buyers.


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