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US Home Prices Show 5% Quarterly Growth August 6, 2009

Posted by John Watch in News Feed.
Tags: , , ,

News media outlets are busy today with the news of US Home Prices showing a 5% quarterly growth.

Great news for the Real Estate Market, AccuriZ knows and understands that Real Estate is three things: Cyclical, Seasonal and Emotional

(From HousingWire.com) All regions saw quarterly gains as of July, with the Midwest soaring 11.2%, the South rising 5.3%, the Northeast posting a 2.4% increase and the West gaining 1.1%, according to Clear Capital.

Can this be a sign of potential ‘green shoots’ in the housing market, or can this be attributed to seasonality? Public records on property data show that real estate has seasonal cycles.

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