What Real Estate Crisis?

I walked into the office this morning to find a copy of an article from Forbes Magazine lying on my desk. It was titled "What Real Estate Crisis?". It was a short article, three paragraphs long, but the graphic is what really caught my attention. According to the National Association of Realtors, Cumberland is the 10th hottest real estate market in the country with a price appreciation of 9.3% in the second quarter. I know that they are a little slow getting the data out but if you look at one of my previous post (November 1, 2007) you will notice that prices in the area are continuing to climb through the third quarter and into the fourth. It's nice to know that things are looking up.