Keeping you updated on the market! For the week of July 18, 2011 MARKET RECAP Are we there yet? Any parent is familiar with this repetitive question from a restive child during a long car ride. Many adults have taken to asking the same question, wondering if the three-year roller-coaster ride that has been the housing market has ended. We tend to think that the road has flattened and that the housing market is poised for a rebound. We are encouraged because prices in many markets continue to firm. The latest news on prices, from Altos Research, shows that the median national home price for the 26 markets Altos covers rose to $450,358 in June, up from $444,273 in May. In the past three months, listing prices have risen 2.3 percent. Altos also reports that inventory levels increased 3.5 ...
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