Home Prices Rise For Second Straight Quarter: Now is the Time to Custom Build!

According to Freddie Mac, US home prices have risen for the second straight quarter (read the article from CNBC.com at the bottom of this post).  This news should act as a call to action for anyone waiting for the perfect time to custom build their new, dream home. 

This rise in home prices for the second straight quarter indicates that we have already reached the “bottom” of the housing market.  Now, the market will continue to correct itself with the rise of home prices and sales of existing homes.  We will never again see home prices and mortgage rates this low.  This means that the timing could not be anymore perfect to start building the custom home of your dreams.

Here at The Preserve At Keeney Pond in Norfolk, MA we specialize in making your dream home a reality.   This 100 acre, high-end residential subdivison is being built in some of the most magnificant settings in the region.  Come and walk through all of our over 35 lots still available for custom building.  Handpick the lot of your choice and let us guide you through the exciting process of custom building a new, luxury home in one of the best high-end residential developments in New England.  Call us today (781-769-9990) to set up an appointment or visit our website by clicking on the link below.  If you can dream it, we can build it!

Visit The Preserve At Keeney Pond

By: CNBC.com     12/8/09

 Freddie Mac said Tuesday that its Conventional Mortgage Home Price Index (CMHPI) registered a 0.9 percent quarterly gain during the third quarter 2009 for the U.S. That follows an upward revised 2.0 percent pickup in the second quarter and marking the second consecutive quarter of price increase.

 

 

The increases of the past two quarters erased about two-fifths of the declines registered during the final quarter of 2008 and the first quarter of 2009; over the year ending with the third quarter of 2009, U.S. home sales prices were down 3.9 percent in the CMHPI Purchase-Only Series.

“The home-price gains of the past two quarters reflect improving existing home sales over that period. Sales volume was up 15 percent between the first and third quarters of this year,” said Frank Nothaft, Freddie Mac vice president and chief economist.

December 9, 2009   Posted in: Uncategorized

Leave a Reply