It looks as thought the housing market maybe turning around.  Home prices posted their first quarterly increase in three years.  The Standard & Poor's/Case-Shiller's U.S. National Home Price Index released Tuesday rose nearly 3 percent from the first quarter.

Home prices are about the same level as early 2003.  While this is much lower than the peak in 2006, those numbers were inflated anyway.

Las Vegas and Detroit were the only two of the 20 city index that did not see home prices rise, while Dallas and Denver clocked their fourth-straight monthly increase.

We still have a long way to go to recover completely because all 20 cities still show annual declines, but it is nice to take a step in the right direction.

Monopoly House

http://www.oregonlive.com/business/index.ssf/2009/08/index_shows_quarterly_increase.html

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3 Comments on Looking Up

AUG
25
245,085 Points Outside Blog

Very interesting...so, we are back where we were, before the big rise.    Mmmm...similar stats in my area.
11:37am • #1

I would have to agree with you it does appear that we are slowly pulling out i have been

checking our stats and trends here and the $8,000 tax credit is helping lets hope that

we continue to see steady progress.
11:42am • #2
AUG
29
1 Featured Post Outside Blog

I hadn't caught the new Case-Shiller.  Thanks I've find it right now.
1:53am • #3

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Tony and Libby Kelly, CRS, ABR, ePro, SRES, CLHMS, CNHS

Tigard, OR

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