So Much for the Positive Forecast

House price decline continuesJust got this from today Newsday, and it appears that the U.S. housing market is experiencing much more of the ‘same-old same old’.

The reports says that, “U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor’s/Case-Shiller home-price index released Tuesday. The steepest declines were in Atlanta, Chicago and Detroit. Phoenix was the only city to show an increase.

The good news for Canadians is that the news means much more of the ‘same old-same old’. Still an outstanding time to invest in U.S. real estate. Still an outstanding time to buy, rent and hold. If you’re looking to create major cash flow, this is definitely the time to take action.

And if you’re looking for some interesting markets, the article goes on to say that, “Prices in Atlanta, Las Vegas, Seattle and Tampa fell to their lowest points since the housing crisis began. And prices have fallen 33 percent nationwide since the housing bust, to 2003 levels.

It’s a great time to be Canadian!

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