Home prices inch up in Seattle, still down year-over-year according to the Case-Shiller report.

So the good news is that the Seattle area (Everett to Tacoma) home prices are up by 1% from last month. The bad news is that it is still down 2.9% from April 2009 to April 2010. The good news is that the area surveyed is pretty large and includes a lot of the Short-Sale and Foreclosure properties all around the Seattle area, so to include those and still have a gain is pretty good. The bad news is that there are still more Short-Sales and Foreclosed properties to hit the market. The good news is that if you are a buyer you can still take advantage of very good interest rates.

I think I'll end this on a good note.

Click here to see the entire article on Seattle area home price increases and the Case-Shiller report.