CoreLogic: Home prices rise for third consecutive month

Seem surprising? Remember folks, the home prices are based on sales, i.e. units that are selling, which means the more desirable areas (not the suburbs, far-flung exurbs). So of course prices are going up in these areas, and hence the sales statistics overall. This does not negate the fact that there's a lot of "dead inventory" out there, rotting away, in the exurbs and on banks' balance sheets. But we're sure they will continue to be largely insulated from that by the gub'mint.