Friday, September 30, 2011

Mixed Media Signals

"According to the latest S&P/Case-Shiller home price index of 120 major cities, prices rose 0.9% in July compared with June, but they're still 4.1% lower than 12 months ago."

This statement was made by cnn.money.com... and it will cause problems. Folks will see the first half and stop, feeling they can price their homes higher based on the 0.9% rise.

A rise is good, of course, but we must still look at the big picture. Prices are still DOWN from 12 months ago. Pricing aggressively is still an absolute must!

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