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We were delighted to welcome Terry Story on to the show again to discuss the latest news in the world of real estate. And there were some positive signs in the market once again this week with real evidence that housing prices continue to experience an upturn.
A recent article noted that prices of homes have increased by nearly $50,000 across all 50 states since the recession died down. This is obviously good news for those who already have a home, but Terry noted that it doesn’t apply across the board. Hartford, Connecticut; Chicago, Illinois; Virginia Beach, Virginia; and Baltimore, Maryland to name but a few are examples of areas that have experienced some price depreciation since 2009. (0320)
We were delighted to welcome Terry Story on to the show again to discuss the latest news in the world of real estate. And there were some positive signs in the market once again this week with real evidence that housing prices continue to experience an upturn.
A recent article noted that prices of homes have increased by nearly $50,000 across all 50 states since the recession died down. This is obviously good news for those who already have a home, but Terry noted that it doesn’t apply across the board. Hartford, Connecticut; Chicago, Illinois; Virginia Beach, Virginia; and Baltimore, Maryland to name but a few are examples of areas that have experienced some price depreciation since 2009. (0320)