If you were thinking about buying Coastal Delaware real estate, now is the time to make up your mind.
The long-awaited housing recovery is in full swing. Home prices shot up in America's largest cities in May, rising at a pace not seen since the bubble days, according to a closely watched gauge.
The recent Standard & Poor's/Case-Shiller index of 20 large U.S. cities indicated that average home prices across the 20 cities have now reached their spring 2004 level. For the first time, two cities — Denver and Dallas — surpassed the peaks they reached before the 2008 financial crisis. All cities tracked by the index saw prices rise from a year earlier and the previous month.
Low mortgage rates, a shortage of homes for sale and heavy investor demand have