Nearly five-and-one-half years after April 2007 -- the housing market's national peak -- prices are finally beginning to rebound.
According to the Standard & Poor's Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker's 1987 inception.
All 20 Case-Shiller Index markets improved between April and May 2012.
According to the March Case-Shiller Index, home values rose in 12 of 20 tracked markets, and one remained unchanged.
According to the Federal Home Finance Agency's Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012.
Recent data suggests that the U.S. housing market is in recovery, albeit an uneven one.
Standard & Poors released its December 2011 Case-Shiller Index this week.
According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.