According to a new survey by CoreLogic, a private real estate data provider, home prices went up 4.6% in August compared to one year ago which is the "largest year-over-year increase in more than six years." Prices also rose 0.3% between July and August which is the sixth straight month of gains. The good news about the steady increase in prices, the increase in home sales and rising builder confidence is that it looks like our housing recovery may actually be sustainable.
The Standard & Poor's/Case Shiller index also rose in July after two straight years of declines. Also, all of the states are seeing a rise in home prices except for six that still show a decline. Five of these include Rhode Island, Illinois, New Jersey, Alabama and
