Home Values back to 2004 Levels!
According to the Housing Price Indicator released today by the Federal Housing Finance Agency, home values are now back to the same level as June of 2004. The nationwide home value peak occured in April of 2007 and the current values are now within 16% of that peak. If real progress can be accomplished by Congress over the next few weeks to avoid the Fiscal Cliff, the Real Estate Market Rebound is expected to continue throughout 2013 and beyond. According to the Chief Economist for Freddie Mac, mortgage rates are expected to remain very low througout the next year and beyond which will further bolster Real Estate Values.
