Home values have not dropped month-to-month since January of this year — a span of 6 months.
Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
All 20 Case-Shiller Index markets improved between April and May 2012.
The housing market’s bottom is 9 months behind us. Home values continue to climb nationwide.