Home Prices for Danville Real Estate up 10%

The median home prices for Danville real estate is up 10% from just 1 month ago. By looking at the graph you will see that prices were flat but have spiked up over the last two months. This increase is in spite of the expiration of the federal First Time Home Buyer Tax Credit and the Feds policy of buying and selling mortgage backed securities. It seems as if we have had some divine intervention in that interest rates also saw a dip as a result of  the EU’s economic woes. I expect to see slight increases in prices and sales through the summer months with many of the sales being short sales and a lesser number being foreclosures. After that it’s anyone’s guess.

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