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.
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier.
Home builders expect a strong second-half in the 2012 housing market.
Nationwide, the U.S. housing market is showing signs of recovery. Some markets are expected to recover more quickly than others.
According to the March Case-Shiller Index, home values rose in 12 of 20 tracked markets, and one remained unchanged.
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.
Will your home gain value over the next 12 months? Nobody can know for sure, but should recent housing trends continue, there's concrete reason for optimism.