That’s the word, according to this AGBeat article.
The article points out that home prices and rents are on the rise again, and it also points out that the single-family housing market is in recovery mode:
â€œThe single-family market has already begun to recover,â€ observed Dr. Kolko. â€œNew home starts are more than 30% higher than their low in early 2009. And asking prices on for-sale homes (single family + condo) have risen for three months in a row, according to the Trulia Price Monitor.â€
Here is another interesting quote that also contains a note of caution:
â€œHousing prices have already bottomed with asking prices on the rise for three straight months. Aside from a stumble in December, asking prices have been stable or rising for the last eight months,â€ said Dr. Jed Kolko, Truliaâ€™s Chief Economist. â€œPrices have joined the recovery, alongside sales and construction. But foreclosures threaten prices, especially in judicial-foreclosure states like Florida, New Jersey, Illinois and New York, where many more distressed sales are still to come.â€