The Cabot Homes Group is pleased to share the continued news of the housing market continued improvements. U.S. home prices in rose for the third straight month, surpassing forecasts and suggesting that the housing market is stabilizing after a three-year plunge.

The S&P/Case-Shiller composite index of house prices in 20 metropolitan areas including South Florida rose 1.6 percent, more than triple the estimate of a 0.5 percent rise.

A record stockpile of foreclosed homes have been exerting pressure on home prices overall, but recent home sales reports show an easing up of the massive unsold inventory.

A first-time buyer credit of $8,000, which ends on November 30, has jump-started housing activity this year. Turn to the Cabot Homes Group to help you take advantage of this credit before the deadline.

“The current increases continue to support the stabilization in local and national real estate values.” Cabot Edewaard.

When buying Fort Lauderdale real estate rely on the premier realty service group of Cabot Homes.