US Home Prices Show 5% Quarterly Growth

News media outlets are busy today with the news of US Home Prices showing a 5% quarterly growth.

Great news for the Real Estate Market, AccuriZ knows and understands that Real Estate is three things: Cyclical, Seasonal and Emotional…

(From HousingWire.com) All regions saw quarterly gains as of July, with the Midwest soaring 11.2%, the South rising 5.3%, the Northeast posting a 2.4% increase and the West gaining 1.1%, according to Clear Capital.

Can this be a sign of potential ‘green shoots’ in the housing market, or can this be attributed to seasonality? Public records of property data tend to show a slight uptick in activty durng the summer months. It will be interesting to see what happens come fall.