Rising home prices have economists talking about a turnaround for the U.S. economy.
Rates for home prices in July in the Standard & Poor’s Case/Shiller index, for instance, show increases in cities across the nation. Overall, the 20-city composite showed a 1.2 percent increase in home prices in July 2012 compared with the same month in 2011.
Across the country, U.S. sales of previously occupied homes increased 7.8 percent in August compared with July.
Locally, Jackson County real estate agents and bankers said that while the housing market is moving in the right direction, it is still taking baby steps.
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