The US housing market has steadily (and oftentimes sharply) declined over the last three years, yet there are bright and hopeful signs that it has it bottom. Eight cities, including Denver, reflected home price increases in May, four more than April, and seven more than March. This is an incredible sign, considering a huge majority of US cities saw sharp decline in prices and sales. A report by?Case-Shiller Price Index, compiled by Standard & Poor?s, reflected that existing home prices have risen for three consecutive months and June brought the highest price increase in new homes over the last eight years. Although Vail is a completely separate market from the national market, these trends reflect only good signs for the entire US housing market.