Grand Rapids, MI -- (ReleaseWire) -- 09/11/2013 -- The current economy in the U.S. can be hard to follow. Dennis Tubbergen is a financial advisor, author, radio show host and CEO of PLP Advisors, LLC and can be turned to when you need a little help understanding the latest economic happenings in the U.S.
Whether people enjoy his monthly newsletter at http://www.moving-markets.com or his blog at http://www.dennistubbergen.com, Tubbergen is devoted to breaking down current financial events so everyone can understand them. On September 10, his blog was titled U.S. Housing Prices Continue Climbing, But is the End Near?
"According to Core Logic’s Home Price Index, July housing prices increased over 12 percent from July 2012 and 1.7 percent from the prior month," began Tubbergen.
Below he quotes from a September 3, 2013 article in The Street.
Home prices continued to log double-digit gains in July, though prices are expected to moderate in the second half of the year.
Excluding the impact of distressed sales, home prices rose 11.4% in July year over year and 1.7% from June. Distressed sales include foreclosures and short sales which typically sell at a discount to market price. The share of distressed sales has been falling, so including them in the index tends to exaggerate the pace of appreciation.
"Home prices continued to surge in July," said Mark Fleming, chief economist for CoreLogic. "Looking ahead to the second half of the year, price growth is expected to slow as seasonal demand wanes and higher mortgage rates have a marginal impact on
"An old axiom comes to mind here," warns Tubbergen. "When prices in a market increase rapidly they tend to decline in a similar fashion."
Tubbergen states he expects that housing will do the same in the future as it has already done in the past.
The takeaway here?
"If you’re looking to sell real estate, now may be a good time," concludes Tubbergen.
To read the blog in its entirety and view examples that lead to Tubbergen's conclusion, go to http://www.dennistubbergen.com and select his September 10, 2013 entry.
ABOUT DENNIS TUBBERGEN:
Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM. To listen to his shows as podcasts go to http://www.everythingfinancialradio.com
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at http://www.dennistubbergen.com. To view Tubbergen’s latest Moving Markets? newsletter, go to http://www.moving-markets.com.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.