The housing market has been taking a lot of heat over the last few months as inventory decreased and mortgage rates increased, but many experts say the housing market is on the right track. Home prices jumped 12.8% in August according to Robert Shiller’s S&P/Case-Shiller housing index, the largest increase since early 2006. Shiller did not expect the rebound saying that the housing boom in 2006 was a “fad”. The 20-city composite also increased 1.3% and showed gains in every U.S. metropolitan city. Many experts suggest that home prices will continue to climb in the coming months. More here
