Economics Professor Mark Perry of the Carpe Diem blog summarizes the latest numbers from the major home price indices for us:
There’s a pretty strong consensus among economists and analysts that U.S. home prices bottomed in 2011 and have been gradually rising in 2012 as the housing market entered a new period of recovery this year. The chart above summarizes eight key home price indicators, which are all showing strong, positive increases in home prices (or asking prices) through either September or October on a year-over-year basis.
