Home Prices Up, But Not For Long

This is temporary due to the tax breaks.  Prices should head down again–including Coral Gables.

Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.

via Median home prices up in 2Q in most US cities – Business Breaking News – MiamiHerald.com.

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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