CNNMoney reported that home prices have been rising, second quarter 2012 showed the first increase in prices since 2007. Stan Humphries, chief economist for Zillow said “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.” In his opinion markets like Phoenix, Las Vegas and many Florida cities, which were hardest hit by the home price decline may show above average gains in the next year. Read the full article at http://money.cnn.com/2012/07/24/real_estate/home-values/index.htm
Babcock Ranch, Southwest Florida
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