By Paul Wallin, Realtor
Idaho Realty Info

News broke today which signaled that the housing market has turned a corner!!

The Standard & Poor’s / Case-Shiller’s U.S. National Home Price Index, which is a composite of 20 major cities measures home price increases and decreases relative to prices in January 2000.  This index announced nearly a 3 percent increase from the first quarter of this year.  This was the first quarterly increase in three years!! 

Home prices have not yet bounced back to peak pricing during the second quarter of 2006.  But, this is the second straight month the index registered a gain.  Overall prices have fallen 30 percent – homes are at levels not seen since early 2003. Las Vegas and Detroit are the only two major cities not to record this gain while Dallas and Denver clocked their fourth-straight monthly increase.

Turned a corner?  Homes are selling which means buyers are taking advantage of tax credits, low interest rates, and an overabundance of inventory!!!

Looking to buy or sell a home near Boise, Idaho – call Paul Wallin, Realtor with Idaho Realty Info at Group One at (208) 288-2976 or email me at paul@idahorealtyinfo.com.