Housing bust over? - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Housing bust over?

(WFLX) - Nationwide, the housing market is back on track, so says the Wall Street Journal.

It reports nearly seven years after the start of the housing bust, most indexes of housing prices are now going up.

Experts say a reduced amount of unsold homes is the key to the turn around.

More good news for Palm Beach County residents. The number of new foreclosures are going down.

From May to June, foreclosures decreased nearly eight percent. There's still a lot of room for improvement, though.

This past month's foreclosures were up more than 25 percent from June of last year.

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