For the first time since 2006, the nation posted positive quarter-over-quarter price returns in Q209, according to the July Home Data Index Report released Thursday by Clear Capital.

Fueled by strong seasonal spring sales in the Midwest, which had a price increase of 5.3% over Q109, the overall US price growth increased by 1.7% in a quarter-over-quarter comparison.

The South also added to the surge, climbing 2% from the previous quarter. Source: nuwireinvestor.com

For the first time since 2006 an increase in price has been seen in the first quarter.  But still, the media can only focus on the foreclosure rate and spin negative tones on the majority of Real Estate related news.  Receive information on Naples Real Estate or view Naples Luxury Homes for Sale