Housing Market Shows 5 Month Upward Trend

The housing market picked up for the fifth consecutive month in a row according to August’s newly released numbers. The slowly improving national economy and record low mortgage rates have both boosted the housing market in recent months. The low rates and homes still being priced well below their peak have made homebuying an attractive option in today’s market. ”Looking forward, price increases will continue,” said Jed Kolko, chief economist for Trulia. His company has more recent data, for September and October, that shows asking prices on homes have risen. To read the full article visit CNN Money.



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