Home prices rose for a second month in a row according to the Case-Shiller index, and Standard and Poor’s agrees. While most metropolitan areas saw modest price increases, the year over year figures are still grim. Also according to Case-Shiller, Vegas is still having trouble.  However, the Friday Figures show that our prices are at least stable.

Stable housing prices are an important first step in getting the larger banking mess cleaned up, because banks can determine a true market value on their portfolio of foreclosed homes.

Oh and just a couple of items to brighten your day: the mayor’s desk is a mess; and skinny house with fat price tag. The description of this home reminds me of Sam Wo’s restaurant in San Francisco!