We finished the first third of 2010. We have never had so many properties changing hands in four months since several years ago. I always have said that numbers do not lie, so let me show you some interesting data.
I think every home owner or future homeowner should be very interested in see how the home prices are increasing in their neighborhood, and obviously how much and how fast your equity is increasing. Single-detached homes year to date has increased 13% in price compared with the first four months of 2009. This is a considerable increase.
Mortgage rates continue to be very attractive and living in a great and reliable region makes demand of houses to increase.