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US: Has the housing market finally found its footing?

Posted on 08 September 2011

Celia ChenFor 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 from the Standard & Poor’s/Case-Shiller home price index 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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