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Housing Values Up: Biggest Price Gains Occur Where Bust Was Worst

WASHINGTON | U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.

The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-over-month gain nearly matched the 2.6 percent increase in April from March — the highest on record.

The price increases were widespread. All 20 cities showed gains in May from April and compared with a year ago.

Prices in Dallas and Denver reached the highest level on records dating back to 2000. That marks the first time since the housing bust that any city has reached an all-time high.

See more of this article on The Ledger, http://www.theledger.com/article/20130730/news/130739950&tc=yahoo

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August 16, 2013 · 3:48 pm

Short Sales, An Excellent Alternative to Foreclosure…

foreclosure sign

Short Sales, an excellent option to avoid foreclosure and salvage your credit.  The two most common problems that can derail a short sale are incorrect and incomplete document submissions.  It is imperative that you work with an experienced agent familiar with the process and requirements of the lien holder.  Ask me for details.  We are short sale specialists in the Collin, Denton, and Dallas Counties of North Texas.  Contact us for more details at:  www.KimCan.com

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April 1, 2013 · 8:09 pm