National home prices increased 1.2 percent in July, compared to the same month last year, according to the latest Standard & Poor’s Case-Shiller index. That was the second straight year-over-year gain after two years without one.

 Indiana Real Estate broker Greg Cooper says record low interest rates and fewer homes up for sale translates to a favorable market for both sellers and buyers.

"If you are a consumer in Indiana and you're considering perhaps buying or selling a house in the months ahead including into 2013, the inventory of homes for sale has gone down dramatically.."

Cooper expects the trend to continue through spring 2013.