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Home values up for 8th month!

August 21st, 2012

Home prices in July rose for the eighth consecutive month!

According to Zillow, home prices went up 0.5 percent nationally, and several cities have seen even larger increases during the last week.

The increase could give the market a boom heading into the fall, as more people will begin to put their homes on the market with the value inching up.

Rent prices are also on the rise, Zillow reported, and some cities saw double-digit increases from last year.  With these rising costs, now is the time to buy!

Chart from Zillow on rising home values:

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

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