Home prices continue their upward trend, gaining by 0.3%. Even though this is less than the 0.5% expected by many analysts, this is still encouraging in some circles. The idea that home prices are continuing to rise is providing some with the optimistic view that the housing market has bottomed out, and is ready to make some solid improvement.

Mortgage market news has been generally improving, as people rush to take advantage of the first time home buyer tax credit. Additionally, there has been an increase in buyers looking to benefit from the bargains found in buying distressed homes. There are a number of great deals out there, even as home prices increase.

If you have been waiting to buy until the bottom of the housing market, you have most likely missed your chance. However, it is still possible to score a great deal on buying a home, especially since mortgage interest rates are also quite low.