But as we all know, real estate is local and not every market is faring the same.
Here are the eight cities that have seen the biggest recovery (of those used in Case-Shiller) in home prices from their post-crash lows. In many cases, these cities are still well off of their housing-bubble peaks, but they have made the most progress, percentage-wise, from the trough.
Detroit, up 13.5 percent
Washington, D.C., up 13.3 percent
San Francisco, up 13.2 percent
Minneapolis, up 8.4 percent
Chicago, up 7.6 percent
San Diego, up 6.4 percent
Boston, up 5.9 percent
Los Angeles, up 5.5 percent
On the other hand, three cities - Atlanta, Las Vegas and Phoenix - hit their lowest point yet in the latest index, so the recovery certainly isn't everywhere yet.