The housing market recovery in Seattle and nationwide appears to be sustainable. According to the Federal Housing Finance Agency's Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. The FHFA's Home Price Index measures home price changes through successive home sales for homes whose mortgages are backed … [Read more...]