More details on the real estate market up-turn

Steve Murray posted a good article to the Lore blog over the weekend about the recent real estate market up-turn.

Over the past few weeks the real estate market has received several positive stories, as documented on Delta Media Group's News blog. Among those are:

• Pending home sales up for the fifth straight month
  
• Home prices increased in May for the first time in three years
  
• New-home sales increased at the fastest rate in eight years
• Existing-home sales increased
• Housing inventory decreased

The news certainly paints an optimistic picture for the future of the real estate market. As Murray notes, we likely won't see the market return to the "glory days" of 2003-05, but we also shouldn't see 2007-09 numbers for too much longer.

Check out Murray's article on the current state of the real estate market here.

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