The CNNMoney.com website is full of good news today:
“After three years of declines, home prices increased 2.9% in the three months ended June 30, according to the latest S&P/Case-Shiller report. That is the first quarter-over-quarter improvement in three years.
Prices in the national index are down 14.9% compared with the second quarter of 2008, the report said. But that is better than the record 19.1% decline that was set in the first three months of 2009.
‘We’re seeing some positive signs,’ says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s.”
Read more here.