The Standard & Poor’s US National Home Price Index that was released earlier this week rose about 3 % from the first quarter. This is still down almost 15% from the second quarter last year, but the increase a great step in a positive direction for the national housing market. 

Home prices are at levels not seen since early 2003.  The monthly index of 20 major cities increased 1.4% from May to June.  This is the second month in a row this number has increased. Click here for more information.