Good news... yes, it really seems to be.

Breakwater Inspections Findings art

In today's issue of DSNews.com there is an article entitled "July Home Prices See Biggest Yearly Increase Since 2006: CoreLogic" that seems to suggest we are on a good track for the housing market. It discusses:

  • Home prices saw the biggest nationwide year-over-year increase since August of 2006
  • Home prices (including distressed sales) increased year-over-year by 3.8 percent in July
  • July marked the fifth consecutive increase in home prices on both a monthly and yearly basis
  • Removing distressed sales, home prices increased year-over-year by 4.3 percent compared to July 2011 and 1.7 percent relative to June 2012 (the fifth consecutive month-over-month decrease)
  • According to the report, prices (including distressed sales) are expected to rise at least 0.6 percent from July to August, putting August on track for a 4.6 percent year-over-year increase.

The link to the full article is: http://www.dsnews.com/articles/july-home-prices-see-biggest-yearly-increase-since-2006-corelogic-2012-09-04

While there have been signs of improvement over the last months and even years, there is a continuing trend of "more good news than bad". Some experts are suggesting that the positive trends are encouraging and there may a light at the end of the tunnel.

May I suggest some optimism? OK, cautious optimism? Even being mindful of the notion "that a single data point does not a trend make", we are seeing more and more data points that are pointing in a positive direction. Let's keep watching...