CHART OF THE DAY: House Prices Officially Go Positive

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There it is folks!

For the first time in 21 months, the Case-Shiller house price index has gone positive on a year-over-year basis.

The last time this happened was early in 2010, and really it was an unsustainable up-blip as prices had a snapback from the depths of the crisis.

This time, it comes amid more evidence of a housing bottom.

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