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Home Prices Appear To Be Stabilizing

U.S. Home prices in many large cities increased last month according to Trulia. Home prices have increased at the slowest rate seen in over a year showing signs of stabilizing according to recent data. This may suggest that the housing market is becoming healthier. Fast home price growth can be worrisome for buyers causing them to quickly buy an already expensive home, or delay buying due to uncertainty of future costs. Jed Kolko, Trulia’s chief economist said that large price jumps in homes can “fuel unreasonable expectations about where prices are going to go in the future.” More here

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Jeffrey Halbert - First Home Mortgage
3240 Ferry Landing Road
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Dunkirk, MD 20754

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This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.