This is the big discussion right now, especially in light of the latest home price numbers.

The S&P Case-Schiller May Home price index had the first increase in nearly 3 years. Prices went up from April to May .5 percent. This is 17% below those a year ago, BUT the rate is declining. Additionally, we’ve seen the 4th straight month of decline further indicating it is slowing. The real estate market is definitely showing signs of improvement. Tons of analysts have been quoted, but Nomura said,

“In a nutshell, the recent data suggests the decline in US house prices is coming to an end much sooner than expected.”

No one expects a giant jump in housing prices, but this is important and significant data pertaining to the housing market recovery.

The Home Building Index is also up 23% in the last 11 trading days.

Housing stocks are showing promising signs with companies like Toll Brothers, Pulte Homes, etc. A building supplier, Masco, has indicated their sales view is positive, and they expect a full year of profit.

Lumber prices have also gone up 10% in the last 2 days. This may be due, in part, to production cuts, but it is important that these commodities are coming off their lows.

So have we hit bottom? Maybe. Some say we hit it and are already headed up again.

If you’re still sitting on the fence in making a move this year, it’s time to jump in!  I’d love to help in your transition. Call Dena Williams, Keller Williams at 615-739-2944 or 615-778-1818.