America's best- and worst-performing housing markets
By Venessa Wong of Bloomberg Businessweek
Since President Barack Obama took office in 2009, the government has run a lackluster mortgage relief program and offered Americans incentives to buy homes. Interest rates have fallen to historic lows. Yet by August 2011, the U.S. median home value was down to $172,600, or 9.9% below February 2009 levels, according to online real-estate information marketplace Zillow.com. Although most housing markets have struggled in the two and a half years that Obama has been president, home values have risen in a small number of cities — and they are not necessarily where you might expect.
More info provided by Edward E. Cambas - Miami Florida.
By Venessa Wong of Bloomberg Businessweek
Since President Barack Obama took office in 2009, the government has run a lackluster mortgage relief program and offered Americans incentives to buy homes. Interest rates have fallen to historic lows. Yet by August 2011, the U.S. median home value was down to $172,600, or 9.9% below February 2009 levels, according to online real-estate information marketplace Zillow.com. Although most housing markets have struggled in the two and a half years that Obama has been president, home values have risen in a small number of cities — and they are not necessarily where you might expect.
More info provided by Edward E. Cambas - Miami Florida.
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