Discover our Updated Real Estate Research: We Are Still Positive

Real Estate Prices had fallen by 50% in some U.S. Cities. While homeownership rate has been declining since 2004, and housing affordability is lower due to higher home prices and mortgage rates, we are still optimistic on the U.S. housing market. With home prices that bottomed out in 2012, home price appreciation has continued at a strong pace (more than 10%) in most top cities. Existing home sales reached the highest level since 2007, while the median price shows nine consecutive months of double-digit year-over-year increases. Chicago’s median sales price increased by 25% according to HousingWire. Our research and charts are at www.tinyurl.com/bfm-real-estate-2013