Home prices have continued to jump, increasing 12.4% in July 2013 compared to one year earlier. According to the S&P/Case-Shiller home price index, in July, home prices showed the largest gain since early 2006. According to the index, 50% of all major housing markets posted double-digit annual gains. Experts have suggested that the annual increase in home sales is due to foreclosure rates dropping. Many Economists agree that the housing market has begun to stabilize, a good sign for both the housing market and the economy. More here
