According to the S&P/Case-Shiller Home Price Indices, data through January 2013 shows average home prices increased 7.3% for the 10-city composite, and 8.1% for the 20-city composite in the prior 12 months.
Additionally, single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013.
With mortgage interest rates below 4% for a 30-year fixed FHA loan, 2013 might be the perfect time for potential home buyers to take the important step towards home ownership. Contact me today for more information.
By: Nicole Shuba