Good R.E. News...Again!

From the WSJ: Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says

J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a 5% rise in 2013.

Read more at http://www.calculatedriskblog.com/2012/12/some-bullish-2013-house-price-forecasts.html#0qFHh8dwh82KtMom.99

http://www.calculatedriskblog.com/2012/12/some-bullish-2013-house-price-forecasts.html

And he goes on to say;

At the beginning of the year, the consensus was that house prices would decline for at least another year. When I posted The Housing Bottom is Here in early February, many people were surprised. How views change!
Read more at http://www.calculatedriskblog.com/2012/12/some-bullish-2013-house-price-forecasts.html#0qFHh8dwh82KtMom.99

 

However I would like to that yours truly actually put his money where his analysis leads him...

From Crudewire Friday, January 6, 2012

Back to Reality

Or is it vituality? Anyway;
Ever the contrarian I closed on a 100 yr. old house last Dec.14th. It's taken every last ounce of time and energy over the holidays to try and get it livable.  ...

BTW going long real estate deserves explanation;
First of all it's the right house ...got it at 44 % of the 2007 price of the clone next door.
Secondly it's 10/15 min walking distance to the train, high school, library etc.
Thirdly the town is fun and growing.
Finally she would have left me if I didn't.