A report released yesterday by Case Shiller shows that home prices have increased by 4% since the bottom in May of 2009, primarily because of large increases in parts of California.
Prices also increased in 12 of 20 cities in the Case Shiller report from December of 2009 to January of 2010.
Theprice increase was likely supported at least in part by the record low interest rates and possibly also because of the home buyer tax credit, which is scheduled to end on April 30, 2010.
