Pretaing to the headline, I think as long as the economy is trending upward, GREAT. It's due time America reached, attained, and surpassed no.1 status again.!

Posters please excuse this as this pretains to dtb. I had an opinion on an article and dtb took issue with it and then proceeded to attack my mother. This is for dtb only: I can stand your attacking my oppinion as a rant. I respect your opinion and enjoy the varied responses. I'm confident your mother is proud of you also. I hope you still have your mother here to enjoy. My mother died in 1976 at the age of 44 due to cancer. I am 61 and have faced numerous challenges in my life. You DTB could never walk in my shoes then, or now. Should you want to get personal in the future bring it on. what comes around, goes around.

and buying foreclosures dirt cheap and selling them 6 months later are going to drag down prices. Buy it for 50K, sell it for 120K and still the average is only 85K So if everyone is flipping houses, which isn't happening, the median price will go down and the volume of homes sold will go up.

But what we have here is an increase in the number of homes sold and an increase in the median prices.

I wonder how much of this increase is due to house flipping. If I buy a foreclosure dirt cheap, fix it up and sell it 6 months later it counts as 2 sales.

I'd love to get right side up on my 7.5 yr old mortgage!

What colors were the houses?
That is important when you are selling houses.

I don't know anyone who has a $122k house. How's the market for higher price homes? What percentage are foreclosed homes & short sales?

if the median price has risen 6% to 122K, I'd say that is a good sign. Foreclosures bring that number way down. I'm guessing the inventory is being cleared, hence the rise.

What was the percentage of foreclosures? Subtract that from the number sold... Who care how many were sold in general. That is as meaninless as what color the houses are.