Back in June we pointed out a dozen housing markets that were showing pricing improvement. This week revealed a dozen more.
A jump in the national S&P/Case-Shiller Home Price Index further clarifies that the price drops of the past few years are now over. The 20-city index rose quarter-over-quarter by 1.4%
"This is great news; prices may be starting to grow again" said Pat Newport, of IHS Global Insight. "Three independent sources, the National Association of Realtors, the Federal Housing Finance Agency and Case Shiller are showing price improvement."
Repeatedly we said that the strength of this recovery will be measured in part by how well the housing industry fares.
When all you read is gloom, turn here for a much different perspective.