Home prices signal recovery may be here

The S&P/Case-Shiller national home price index, which covers more than 80 percent of the housing market in the United States, climbed 6.9 percent in the three months ended June 30 compared to the first three months of 2012.

The Time To Buy Is Now!

Interest rates on 30-year fixed mortgage are below 3.5 percent. These are more than just historically low rates; they deals slanted toward borrowers. Housing starts rose in June and rents are still on the rise. and for those who can afford to invest in property. Trulia reported that it is cheaper to buy than rent in the 100 biggest metropolitan areas. For more information of buying or selling a home in The San Fernando Valley visit www.the-valley-real-estate.com 

For renters, buying a home pays off after three years on average

A new analysis by real estate website Zillow shows that, on average, a renter thinking about buying a home will reach what it calls the “break-even horizon,” after just three years.  The break-even horizon compares what it would cost to buy or rent the same home in a number of U.S. markets over time.