Saturday, February 11, 2012
Home prices rise in June, but a drop may be looming
The Standard & Poor’s/Case-Shiller index shows a modest 1% gain over May figures, with prices in Los Angeles, San Diego and San Francisco increasing. However, some experts predict that the expiration of federal tax credits will have a negative effect.
A closely watched national index showed Tuesday that home prices rose in June, the last month that a federal tax credit probably boosted sales. Many experts predict a drop in values in coming months without the popular government stimulus.
Read the original post on L.A. Times – Real Estate News
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