Home Prices Hit 5 Year High

Day: September 30, 2012

Home Prices Hit 5 Year High

Although the inventory of new homes on the market remained at near record lows last month, home prices rose to their highest level in five years. The current inventory would take 4.5 months to clear, mirroring July’s data. The median price of a home rose by over 11% to $256,000, a point not seen since…  Continue Reading

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Morality an Issue for Defaulting Boomers

For the aging baby boomer population, the decision to strategically default on their homes is one that is steeped in morality. As baby boomers face retirement, those who are struggling with their mortgages are pondering a difficult decision – whether to walk away from their homes before their financial reserves are completely depleted. According to a…  Continue Reading

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