LV and Can. Real Estate Article, Part 2

Here is the conclusion of the previous article….Referring to a 2011 Standard & Poor’s Case-Schiller Home Price Indices report, notes Winston, housing prices were 0.9 per cent higher in July than in the month before in most of the U.S. There was a 4.2 per cent decline in the first quarter of 2011 in addition to the 3.6. per cent decline through the fourth quarter of 2010, which returned housing prices back to mid-2002 levels. I am sure the Big Island, HAwaii and also Oahu Real estate will likewise be hit.
Winston also quotes chairman of the S&P index committee, David M. Blitzer, “With July’s data, we are seeing not only anticipated monthly increases, but also some fairly broad improvement in the annual rates of change in home prices. This is still a seasonal period of stronger demand for houses, so monthly price increases are expected and were seen in 17 of 20 cities. The exceptions were Las Vegas and Phoenix where prices fell, while Denver was flat.
“We are still far from a sustained recovery. If you look at the state of the overall economy and in particular the recent large (downturn).” I mean you know the Oahu and also big island real estate ones have been this way and Oahu and the Big island markets have not always been volitile.
The next year may present an opportune time to invest in real estate in the U. S., and Las Vegas is probably one of the best areas. Infact, according to real estate specialists at Zillow.com, the ten best places are Merced, Modesto, Madera, Stockton, Las Vegas, Salinas, and El Centro, in California, Rochester, New York, Pittsburgh, Pennsylvania, and Vallejo, California