We have watched how this Price Trend has Steadily Risen through the Summer.
Now it's starting to climb even faster.
The question is, Why?
Why is it climbing so fast?
My Opinion ...
People believe that we hit the bottom and prices will never be this low again.
Investors are grabbing everything and anything they can get.
Interest Rates have been trending up.
The combination of all of this is resulting in Prices Going UP!
Home Price Index report from Lender Processing Services (LPS)
I find this very interesting.
Skip the numbers and check out the miniature graphs on the left
and compare them to the graph of Las Vegas up top.
AZ and CA are very similar to Las Vegas.
Texas and Colorado don't even look like they ever had a
Recession, Depression, Bubble or anything.
Also notice that in every major market shown above,
they are All Trending Upward.
