Louis Basenese pointed out in February that, although home prices are increasing, we’re not even close to a top.
Sure enough, the median sales price for a new home is $246,800 – up 2.9% from a year ago.
However, as Louis points out, even if prices increase another 6% to 7% this year, we’ll still be comfortably below 2006 levels.
Meaning we’ll have plenty of room to run.
The New Case Against Hillary!
According to the mainstream media, we should all have voted for “crooked” Hillary.
But if she was the president, you would never have this chance to turn a small stake of $100 into a small fortune.
Sure, Trump is not perfect.
But even if you didn’t vote for him…
Once you see this video, you might like him a little more.
Indeed, as Robert Shiller, Yale University Economics Professor, says, “We’re seeing more evidence of a rebirth of the housing market. One thing I’ve learned over years from looking at housing markets, they’re very different from the stock market. They have momentum. And when they start going up, they generally keep going up for a year or even more.”