New York, NY (PRWEB) October 03, 2012
In a recent Investment Contrarians article, financial expert and editor Sasha Cekerevac reports that, for the third consecutive month, all 20 cities on the S&P/Case-Shiller Home Prices Index recorded monthly gains in home prices. According to Cekerevac, this means that the housing market is regaining solid footing—though it doesn’t mean that the market is expected to retake the peak in home prices anytime soon.
The Case-Shiller reports that San Francisco is up 20.4%, Detroit is up 19.7%, and Phoenix is up 17.0% from their respective lows, notes Cekerevac.
The Investment Contrarians editor reports that areas of the country where the jobs market is growing, such as the high-tech or even the automotive sector, are seeing a resurgence in home prices. The housing market in San Francisco is up almost 5.0% since last July, with Detroit up 6.2%.
“These are not aberrations,” says Cekerevac, “but they are a sign that the housing market is getting back to a more normal supply-and-demand equation.”
Cekerevac notes that these gains are a powerful signal to potential buyers in the housing market that home prices are starting to move back up slowly. In addition, the Federal Reserve is allocating additional funds to keep the mortgage-backed securities market well-fueled, he says.
However, Cekerevac points out that, while the market might be far away from bubble territory right now, there remains the question of whether the Federal Reserve will remove this stimulus in time to prevent another housing bubble.
All in all, the housing market is moving in the right direction, and Cekerevac expects to see stable levels with some additional gains for home prices over the next few years.
To see the full article and to get a real contrarian perspective on investing and the economy, visit Investment Contrarians at http://www.investmentcontrarians.com.
Investment Contrarians is a daily financial e-letter dedicated to helping investors make money by going against the “herd mentality.”
The editors of Investment Contrarians believe the stock market and the economy have been propped up since 2009 by artificially low interest rates, never-ending government borrowing and an unprecedented expansion of our money supply. The “official” unemployment numbers do not reflect people who have given up looking for work and are thus skewed. They believe the “official” inflation numbers are also not reflective of today’s reality of rising prices.
After a 25- to 30-year down cycle in interest rates, the Investment Contrarians editors expect rapid inflation caused by huge government debt and money printing will eventually start us on a new cycle of rising interest rates.
Investment Contrarians provides unbiased research. They are independent analysts who love to research and comment on the economy and investing. The e-newsletter’s parent company, Lombardi Publishing Corporation, has been in business since 1986. Combined, their economists and analysts have over 100 years of investment experience.
Find out where Investment Contrarians editors see the risks and opportunities for investors in 2012 at http://www.investmentcontrarians.com.
George Leong, B. Comm., one of the lead editorial contributors at Investment Contrarians, has just released, “A Problem 23 Times Bigger Than Greece,” a breakthrough video where George details the risk of an economy set to implode that is 23 times bigger than Greece’s economy! To see the video, visit http://www.investmentcontrarians.com/press.