I had to do a "double take" this morning when I saw the headline on the front page of the Wall Street Journal "Home Prices Rise Across US" - I wonder when the last time this appeared in a national newspaper!!!

The Journal made reference to the Case Schiller Index which tracks home prices in 20 major markets across the country, and in 13 of the 20 markets, prices showed an increase month over month, and year over year, the decline went frm 18% to 17%, suggesting that the market has stabilized.

Some areas will still be affected by downward prices if more foreclosures hit the market, but I think its fair to say that what I've been suggesting to my local clients this year is true, that our area has stabilized price wise, especially in the first time buyer market. Those of you who have been outbid on a home can testify to that,.

Check out the article at www.WallStreetJournal.com