Market Overview

PropertyRecord.com Is Thrilled Home Prices Are Up In 20 Cities

The property record company believes that this may signal a nationwide trend.

Pittsburgh, PA (PRWEB) February 28, 2013

PropertyRecord.com is happy to report that home prices are finally starting to rise significantly in at least 20 major U.S. cities, the company said yesterday.

“We believe that we may finally be seeing the end of the housing bubble,” a company representative said. “After years of bad news in the real estate and housing markets, it's great to see things finally turning around.”

The S&P/Case Shiller Housing index showed that between December 2011 and December 2012, home prices in 20 major cities rose by more than they have in six years.

“The last time we saw housing prices rise this much was in 2006,” the company representative said. “That was two years before the housing crisis began. This could truly be the start of a trend where property is going to become a worthwhile investment again.”

The representative said the official numbers track the information they've seen in their own database.

“We were not surprised by this information at all,” the representative said. “Our data had been showing an upward trend for several months. We were just waiting for the official report to confirm it.”

The company said they encouraged people to check the outdated value of their homes when they have a chance.

“You may think that your mortgage is under water when it's not,” he said. “And if you have been thinking of selling your home, you may find out that it's worth considerably more than you might have expected.”

About PropertyRecord.com:

PropertyRecord.com allows consumers to look up the value of any home on or off the market. View property records like foreclosures, flood damage, previous owners, value and more. Get more information about a current residence or a home someone is looking to buy with this large property database

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebpropertyrecordcom/home-prices-up-in-us/prweb10482343.htm

 

Around the Web, We're Loving...

Get Benzinga's Newsletters