The Case-Shiller 20 city and 10 city indexes increased year-over-year for the first time since December 2006 which is considered the beginning of the housing slump.

The index rose 1.4% for the 10 city index and 0.6% for 20 city index.  It is first time in over three years that the indexes were above zero.  A reading above zero shows price increases.

This housing indicator clearly shows that the housing market is making its way back.  That means that this is the year to purchase before the market takes off.