Prices on the Rise?

So yeah, prices are on the rise, atleast that was the case in June.  Detroit, Minneapolis, Chicago, and Atlanta recorded the biggest one-month (May to June) gains.

Also, year over year prices are rising.  The last time the year-over-year index increased was in September 2010. For much of that 12-month period though, the government was offering a home-buying tax credit.

The increases partly reflect the impact of seasonal buying. The month-to-month prices aren't adjusted for seasonal factors.  The housing market is making a modest but steady recovery, in part because homes are more affordable: Mortgage rates have fallen to near-record lows. Housing prices are about one-third lower than at the peak of the housing bubble in 2006. Those trends have helped lift sales of both new and previously occupied homes.

For more information visit the source of this information at http://www.cnbc.com/id/48811038/

http://www.homesjohnscreek.com/sellyourhome.cfm