Home prices post biggest jump in 2 years!

Posted by Dallas Luxury Realty on Wednesday, December 26th, 2012 at 9:18am.

Although the index is still down 29% from the peak reached in June 2006, according to the closely-followed S&P/Case-Schiller Index home prices have seen the largest jump in over two years since May 2010 - and this increase was not spurred by an artifical incentive like the previous teax-incentive. One of the major instigators has been the return in confidence in the construction of new homes in Dallas and other major cities, the large drop in unemployment, record mortgage lows and also a dip in foreclosures.To find out more, click here.

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