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Home prices rise in most major US cities


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Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market.

The Standard & Poor's/Case-Shiller home price index shows that prices rose in 12 of the 20 cities it tracks.

Three of the weakest markets showed signs of improvement. Prices rose in Tampa and Miami. They were unchanged in Las Vegas.

The biggest month-to-month increases occurred in Phoenix, Seattle and Dallas. Prices dropped the most in Detroit, Chicago and Atlanta.

Rising prices in most cities add to other encouraging signs of a housing rebound. Sales are up, mortgage rates are at historic lows, builders are more confident and the economy is adding jobs.

Still, even though 12 of 20 cities showed gains, the weaker cities weighed on Case-Shiller's overall price index in March. The index edged down to its lowest level since the housing bubble burst.

At the same time, price declines have slowed, and a majority of markets are rising.

"This is relatively good news," said David Blitzer, chairman of S&P's index committee. "We just need to see it happen in more of the cities and for many months in a row."

I am wishing for all of you that things will get easier to deal with soon. But lets not get distracted from our greatest work - telling people about the kingdom.

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A witness and her witness husband needed to find a home. (due to loss of income)

They looked to get into a less expensive rent situation.

The home they currently live in is a duplex, (cir. 1930's.).

Then after they had an exhausting search for different home.

The duplex owner has offered the whole house to the couple for a small price.

The rent from the duplex other side may cover most of their expenses.

No stress of moving, problem fixed.

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