That's What A Housing Recovery Looks Like

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, March 26, 2013 That's What A Housing Recovery Looks Like This beautiful chart from today's Case-Shiller house price report shows that housing has made a comeback. Not only were prices around the country up over 8%, but the year-over-year improvement continues to accelerate nicely. Both the 10 and 20-city composite indices had their highest increases since summer 2006. "This marks the highest increase since the housing bubble burst," according to David Blitzer Chairman of the Index Committee at S&P Dow Jones Indices. While declining inventory has helped support home prices, housing analysts have said housing is also seeing a "positive feedback loop" i.e. when people think home prices are rising, they believe they will keep doing so, and credit conditions will improve, and this increases demand for homes. Of course some warn, that home prices are being driven by investor demand and not by more traditional homebuyers, and that the rise in home prices can't be sustained. Read more on the details of the report, see here. Read » Also On Money Game Today: Instead Of Doing His Job, Jeroen Dijsselbloem Has Given Us A Glimpse Of The Euro 'End Game' DOW SURGES TO NEW ALL-TIME RECORD HIGH, S&P FALLS JUST SHORT: Here's What You Need To Know Advertisement CHART OF THE DAY: 40 Years Of Long-Term US Dollar Cycles CHART OF THE DAY: Proof That You Stink At Investing CHART OF THE DAY: America Has A Gigantic Energy Price Advantage Over Europe Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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