Home prices on the way up. While home prices are seasonal, the first quarter of 2012 was a definite improvement over 2011, and the second quarter appears to have been the strongest in years.
Major markets see major improvements. Looking at 2012 home-closing data through June (using May and June's preliminary results), many major markets in the country are seeing strong home-price appreciation as limited supply of homes for sale results in bidding wars. Not only is the year-over-year change strong, but the reach of the positive change within each market is also broad.