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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (39947)	5/16/1999 10:22:00 PM
From: Tradelite	Read Replies (1) of 94695

For Haim Branisteanu re: rising house prices _____________ You posted the item below about rising median home prices. Note that when home price figures are used in this context, it does not mean house prices are inflating. It means that the homes being bought tend to be more expensive than the homes bought during the comparative timeframe. This usually indicates buyers are getting richer and buying fancier homes. It doesn't always mean the sellers are getting better prices than they used to. ___________ Used-home prices mostly rising Copyright © 1999 Nando Media, Copyright © 1999 Associated Press By ALICE ANN LOVE WASHINGTON (May 12, 1999 11:27 a.m. EDT nandotimes.com) - Prices of existing homes climbed in most metropolitan areas during the first three months of this year. Nationally, the median resale price - meaning half of homes sold for more and half for less - was $131,600 during the January-March quarter, up 4.6 percent from the same quarter a year earlier, the National Association of Realtors said Wednesday. By comparison, inflation rose at a 1.7 percent annual rate during 1998 and has kept to an even lower 1.5 percent rate so far this year.

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