According to the Federal Housing Finance Agency said on Tuesday that US home prices rose three percent in July over June. The index is below 2008 by 4.2 percent and way below April 2007 by 10.5 percent.
This index is adjusted by excluding the expensive houses from calculations, so how skewed this might be based on what an expensive house might be, we don’t know.
Some economist see this as positive evidence that the housing price decline is over, but others think that the numbers are going to go down a bit more this fall when we have even more foreclosures on the market.
