Real estate market set for recovery very soon.
Albuquerque, NM (PRWEB) February 13, 2013
PropertyValue.us.org said yesterday that according to their data, property values should continue to rise in 2013.
“We've noticed a strong upward trend in our records,” said company spokesman Josh Fraser. “We think that we've finally come to a place where the housing crisis may be ending and there will be light at the end of the tunnel.”
Fraser noted that the company's predictions are in line with reports from the Case-Shiller Index, showing an average property value rise of roughly 5.5 percent.
“Real estate goes in cycles,” Fraser said. “We've seen this happen time and time again. We spent several years in a downward trend after the market crash of 2008, but now things are heading upwards. Property values can only fall so much before there is a rebound. We've hit that point.”
Fraser said the rising values should be good news for homeowners.
“Many people have been living with mortgages that are under water, but now their property values may once again be in line with their overall mortgage,” Fraser said. “Meanwhile, people who want to sell their home as an investment may now finally be able to make a profit. All in all, it's good for everyone in our economy.”
The company said that it has updated its database of property values to reflect the new pricing trend.
“We want to make sure that all of our customers have the chance to know the real value of their home as the prices change,” Fraser said. “That way they can make the most responsible and informed choices about whether or not to sell their properties.”
PropertyValue.us.org was created to service the needs of those searching for real estate values or home value estimates. Through a quick search almost any property can be found so home buyers can make an informed decision about a purchase or current homeowners can assess their current financial accountability. Thousands of property value records are contained on this reliable nationwide database.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebpropertyvalueusorg/home-prices-rise/prweb10424330.htm