They Say Housing is Rising! Is it?

It appears that housing prices have recovered some.  The keyword in that opening sentence is “some” – of course this needs to be defined. 

Average median household income has not risen in the last 4 years (the start of the economic collapse), but the average sales price of a home sold a year ago has risen by 10%.  Still off the highs of 2007. 

According to the Daily Ticker, “Housing starts increased 2.3%, slightly below expectations, but construction of single-family homes, which make up the bulk of the market, grew 5.5% to 535,000 units.  That’s the highest number of new single-family homes since April 2010.”

If these numbers are giving you a heartache, may we suggest a range of heart health products containing all natural Omega-3 fatty acids, fiber and garlic to help promote cardiovascular heal and help retain normal blood pressure and triglyceride levels? 

Just as impressive is the jump in home sales as lenders tighten standards.  Mortgage lending fell to a 16-year low last year following the expiration of the first-time home buyer credit in mid 2010, according to federal regulators.