October 7, 2009

It's always smart to keep some good economic news in your mind when the economy isn't great so here is some good news. According to the Case-Shiller home price index, the market value of homes in 20 USA cities went up 1.6% in July compared to the previous month. That's the third monthly increase in a row. Prices are still down 13.3% compared to last year, but the bleeding seems to be stopping.

What does this mean? Apparently real estate values have bottomed out and are stabilizing.

Keep in touch with those real estate/homebuilder people. There could be some advertising money soon and you need to have kept up your good relations.