Consider the following charts from the latest Case Shiller release:
The year over year percentage change in prices -- which had been stable at slightly about a 4% decline - has rebounded and is now positive. Moreover:
When we look at the month over month and year over year percentage changes, we see only 4 declines. Also note that previous crash markets such as Las Vegas, Miami and Phoenix are seeing strong increases.
Open thread May 21, 2013
5 minutes ago