Values on the Rise

Glimmers headlined in August that the housing crisis has finally hit the bottom and may be on the rebound. The decline in home prices is starting to ease and, in some cities, values are rising again. Existing home sales rose slightly and the glut of newly built homes fell to a five month low. Like music to our ears Moody's chief economist, Mark Zandi, said, "The bottom of the housing downturn is coming into view."