By Justin Fox | Bloomberg View
Home prices went up in March. That was the news Tuesday from S& P/Case-Shiller; all indications are that April was an up month too, and that this summer’s “selling season” will see continued price increases. Bit by bit, prices are regaining the ground lost during the long collapse from 2006 through early 2012.
In some ways this is great news. It means fewer underwater mortgages. It means better times for lenders, real estate agents and builders. It’s a sign of broader economic health.
