CHART OF THE DAY: That's What A Housing Recovery Looks Like

This beautiful chart from today's Case-Shiller house price report shows that housing has made a comeback. Not only were prices around the country up over 8%, but the year-over-year improvement continues to accelerate nicely. Both the 10 and 20-city composite indices had their highest increases since summer 2006. "This marks the highest increase since the housing bubble burst," according to David Blitzer Chairman of the Index Committee at S&P Dow Jones Indices. While declining inventory has helped support home prices, housing analysts have said housing is also seeing a "positive feedback loop" i.e. when people think home prices are rising, they believe they will keep doing so, and credit conditions will improve, and this increases demand for homes. Of course some warn, that home prices are being driven by investor demand and not by more traditional homebuyers. Read more on the details of the report, see here. SEE ALSO:&MICHELLE MEYER: Here Are The 4 Hot Housing Topics You Need To Watch > Please follow Money Game on Twitter and Facebook.Join the conversation about this story »