Written by: Samantha Guarderas

     Although the country has been seeing the damage from the plunge in our home values, the housing recovery has been able to slowly tick upward, in spite of the lack of job growth. Zillow recently announced on their real estate market report that, “home values increased 2.1% from the first to the second quarter of 2012 to $149,300.” The home price in 20 major markets rose 1.3% in April, making it the first monthly increase in over six months. This not only represents the turn around for the housing market but also, national home values have consistently risen for the fourth consecutive month, according to Forbes. This stability in the increase of home values hopefully represents future progression. Zillow estimates that the housing market will continue this road to recovery at a slow pace over the next year.

     The cities that are speculated to bring in above average gains over the next year are those that have endured a lot of loss such as Phoenix, Las Vegas and cities in Florida. There is assumption that if home prices continue to increase in these cities, many new homes will be put on the market. This would be a result of homeowners who have delayed putting their homes on the market in hopes of values to recuperate. This sudden rise in listings could even out the prices for some time in home value.

     Statistically, we cannot ignore the fact that home values are on the rise and investment opportunities continue to flourish. We have seen a common theme of consistency in 2012. Why not invest? Eklipse Real Estate is offering the perfect investment opportunity through a 6-unit condo building located in the heart of Venice.

Phillip Braunstein is the listing agent.

Read more about this article here