Despite July Plunge in Sales Rate Median Price Climbed

Posted on August 24th, 2010 in Financing, Green Housing, Market Conditions, Real Estate Videos, Short Selling/Buying.

My predictions on price: The median or median existing-home price last month was $182,600, up 0.7 percent from a year ago.

You can credit Obama for this and his tax credit.
We all homebuyer tax credits for keeping home values stable for the past 18 months.
Now despite heavy job losses home values are now back in line relative to income, count on stability in the median–so don’t expect any measurable change in prices going forward.

I think we are at bottom on price on retail homes.

Wholesale: non financeable homes ( cash only) deals are another story. A house with no toilets still has further to go.