Home Prices Climb Again

For the 4th straight month.  Whether I or anyone else believes that it will continue or not, it is good news for consumer confidence which came in higher than expected today. 

No one can predict what will happen to home prices.  We can certainly speculate and someone will always end up being right but we don’t know who that person will be today. 

I personally think South Florida will see another 5-10% drop and many may disagree.  Even with that being said, I still think now is the time to buy down here for certain people.  The reason is because low interest rates can offset that decline and you cannot time a bottom.  The best saying I have heard is that “it isn’t about timing the market, it’s about time in the market.” 

http://money.cnn.com/2009/11/24/real_estate/home_prices_third/index.htm?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29