What do Boston, Charlotte, Chicago, Cleveland, Dallas, Minneapolis and San Francisco have in common? They're cities where home prices have risen recently.
That's according to the Standard & Poor's Case-Shiller Home Price Index, which shows that prices are actually starting to rise again in some parts of the country, particularily areas of the country that has a lot of investors sitting around with money burning holes in their pockets.
But before you go off thinking that its finally all over, that we are out of the woods, let me remind you that a large percentage of these homes sales are not to individual home buyers, but to investors taking advantage of today's lower prices.
The prices of homes are rising because these investors have tacked on what they consider a reasonable profit, have re-listed these properties, and are anxiously waiting buyers.
These houses are still empty, have no maintenance being done on them. They are just sitting there. The only difference now is they have a new sign in the yard, one with a higher price tag.
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