This trend is a simmer coming to a slow boil...
2 hrs 5 mins ago
NEW YORK – A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing.
The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 0.5 percent from April, but was still 17.1 percent below May a year ago.
The 10-city index rose 0.4 percent from April, but was off 16.8 percent from May last year. It was the fourth consecutive month both indexes didn't post record annual decline. Home prices are now at levels not seen since mid-2003.
This NAR (the National Association of Realtors)..is flexing it's muscle...
but numbers dont lie....cough,,,why are there more fore closures than ever....something is just not adding up..oh well good news is better than bad news.
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