Lots of good news about housing today. Chris Isidore of CNN Money reports that “according to the closely watched S&P/Case-Shiller national home price index… the typical home price in July rose 1.6% compared to the previous month.” It’s a return to 2003 levels…

Which, according to a New York Times article by Shaila Dewan, is most apparent at the lower end of the housing scale. “’It’s less that the top tier is cooling than that the bottom tier is strengthening,’” said Stan Humphries, the chief economist at Zillow. “’The bulk of the recovery is due to the changes in the bottom and middle tiers.’”

Finally, Jim Puzzanghera of our local LA Times informs us that “home prices in the nation’s largest cities rose 1.6% in July to their highest level in nearly two years… adding to recent data showing the housing market finally has begun its rebound from the deep recession.”

Taken together, what does it all mean? A good time to sell your home just got even better. For a complimentary valuation of your property, contact me here.

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