National home prices up again

National home prices have now risen for four months in a row, and sales
transactions have jumped for five of the last seven months, according to
the June National Housing Report from RE/MAX. While sales prices are
down, the decrease is smaller than it has been in the last three months.
The report, which includes data from 53 metro areas in 45 states, shows
that closed transactions were up 7.5 percent and median prices jumped
4.3 percent from May. “It’s very encouraging that both home prices and
sales transactions have now risen for several months in a row,” said
RE/MAX CEO Margaret Kelly. “It appears that this market is following
traditional seasonal trends as it works its way though a recovery and
back to more normal conditions.”
— Alexander
Britell