GREAT NEWS FOR BOCA RATON HOMEBUYERS:
IT’S TIME TO GET OFF THAT FENCE!
Everyone is talking about the fact that the S & P Case-Shiller home price index, which tracks home prices in 20 metropolitan areas, rose for the first time in 34 straight months of decline. Various housing indicators are showing glimmers of hope that the housing market is improving.
We all know that real estate is LOCAL so I have decided to drill down into the numbers a bit. After examining sales for the three months ending April 30, May 31, and June 30, I can confirm that for the first time in three years, home prices in Boca Raton have increased as have the number of sales. Although they are only slight increases and will have to be tracked over time, it…