US: Has the housing market finally found its footing?

Sep 08, 2011 Comments Off by

For those looking for a bright spot amid the barrage of depressing data recently, news that housing prices were up for the third month in a row might have buoyed morale a bit.
The latest data showed that home prices in the nation’s largest metropolitan areas ticked up 1.1 percent, on average, in June, following a 1 percent increase in May. Chicago and Minneapolis saw the largest month-over-month increases, both recording 3.2 percent increases in home values, on average.

Even metro areas hit hard by the foreclosure crisis saw incremental gains: Atlanta posted a 1.5 percent increase, while Phoenix saw a 0.3 percent gain…………………………………….Full Article: Source

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