From the Wall Street Journal - Strengthening Home Prices

BY NICK TIMIRAOS

Home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover.
The report, which is scheduled to be released Tuesday by real-estate firm Zillow Inc., found that for the quarter ending in June, home values were up 0.2% from the same period in 2011.
While other indicators have shown home prices turning up since the spring, most examined short-term changes from one month to the next. Other indexes reported gains in median sales prices, which can be skewed ...

Full article here: 

http://online.wsj.com/article/SB10000872396390443295404577545200776537294.html

 

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