The head of the U.S. Department of Housing and Urban Development said home prices nationally could start to rise later this year, now that the pace of foreclosure actions seems to be slowing.
We’ll believe it when we see it. But it’s still good to hear someone high up saying it.
Note: Boston Real Estate Blog is not in favor of constantly skyrocketing home prices — nor constantly plunging home prices. There’s got to be balance. Nationally, there hasn’t been balance in home prices for the past three years. The best thing for the industry right now is any type of stability. The industry needs it. The economy needs it. An uptick in prices would signal the onset of that much-needed stability.
