Real estate was greatly undervalued for too long. This is a long-overdue correction in the market.
SAN DIEGO, CA (PRWEB) July 10, 2013
HomeValue.us.org just completed their second quarter evaluation of the housing market and found that their data matches other reports that show the market has rebounded, the company said yesterday.
“The numbers in our database are consistent with other data we've seen released by national real estate organizations,” a HomeValue.us.org spokesman said. “Home prices are rising. We've seen the bottom and now things are getting better.”
Several real estate agencies including CoreLogic have reported in the last few days that second-quarter housing prices are up by as much at 8 to 10 percent over the second quarter of 2012.
“When we first ran our numbers last week, we were surprised at how much housing prices were rising,” the HomeValue.us.org spokesman said. “We are glad to see the good news we saw in our data replicated by other real estate research organizations.”
HomeValue.us.org said they expect housing prices to continue to rise over at least the next two quarters.
“Real estate was greatly undervalued for too long,” the HomeValue.us.org spokesman said. “This is a long-overdue correction in the market.”
Low mortgage rates and a somewhat improved economy should also help the market, HomeValue.us.org said.
“All the pieces are in place for home prices to continue to rise for quite some time,” he said.
HomeValue.us.org is a public records database that specializes in providing home and property reports to consumers in the United States. Find out information such as the market value, residential foreclosures, neighborhood amenities, previous owners, and more. Visit HomeValue.us.org today to speak with a live representative, call 1-866-605-0312, or email Manager(at)HomeValue(dot)us(dot)org with any questions or concerns.