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.”

For complete article: http://www.dsnews.com/articles/fitch-price-growth-not-driven-by-fundamentals-2013-01-04