Has housing turned the corner for good? The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index's 20 tracked markets showing home price improvement from May. Some markets -- Chicago and Minneapolis -- rose as much as 3.2 percent. The rise in values is nothing about which to get overly excited, however. The Case-Shiller Index is just re-reporting what multiple data sets have already shown about the summer housing market; that it was stronger than the spring market, and that a recovery is underway, but occurring locally, at different rates. For example, the June 2011 Case-Shiller Index shows the following :
- Denver, Dallas, Washington D.C., and the "California Cities" bottomed in 2009. Each has shown steady improvement since.
- None of the Case-Shiller cities showed negative growth between May and June 2011.
- 12 of Case-Shiller's tracked cities have improved over 3 consecutive months.