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Tue, November 27, 2012

Halfway 'Home'

There it is.

The sign I want to see on our house sooner than later.

I bring this up today because of some news about the housing market in this country:

"In another sign of a housing market rebound, home prices posted the biggest percentage gain in more than two years in the third quarter, according to the closely followed S&P/Case-Shiller index.

The 3.6 percent increase from a year earlier is more than three times the rise in the previous quarter and was the biggest jump in prices since the second quarter of 2010. But that 2010 rise was much more of a temporary blip caused by a homebuyer's tax credit of up to $8,000 on homes purchased in late 2009 and early 2010.

This latest rise comes as the housing market has shown numerous other signs of recovery in recent months. The rebound is spurred by a combination of record low mortgage rates, an improving jobs market and a drop in foreclosures to a five-year low, reducing the supply of distressed homes available. There is also a tighter supply of both new and previously owned homes on the market."

This SHOULD be good news for me personally, since we are halfway home to our new home in the Fox Valley. It has been a long and sometimes difficult process that continues to play out for us. Some of you have asked about our 'move' and I can tell you we at least have an offer on a place pending the sale of our home in Wauwatosa.

Meantime I continue to combine commuting and broadcasting from HBY South to bring you the PhilCast every afternoon. Here's hoping the news about the housing industry is real and that the market continues to improve.





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