Home Prices Improving. Maybe.

Home prices are still seeing double-digit increases in 97 of 149 U.S. markets, according to the National Association of Realtors. But don’t get too excited, for even these numbers may be flaky. Let me explain. I just finished writing a story about the healthiest housing markets in the U.S. based on the NAR data on second-quarter metropolitan area home prices that came out this morning. As if a 1.5% year-over-year national median price decline weren’t bad enough, I now have some guy telling me that even in places like Salt Lake City, where prices have zoomed up over 20% in the past year, the market may be softer than it feels.

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