Fitch: Price Growth Not Driven by Fundamentals

For a different perspective on current market conditions the following article provided by Fitch offers a more cautious outlook, one that I feel more accurately describes our local market.  (Fitch Ratings was one of the three ratings agencies first recognized by the Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO) in 1975.)

“Despite the steady increase in home prices in 2012, Fitch Ratings says it “remains cautious” in its outlook on home values.”

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