A couple of indicators came out recently that point to a slow but steady housing rebound. First, according to Zillow, housing prices rose 0.6% in November, the 13th monthly increase in housing prices. Moreover, overall prices are up 5.2% Y/Y, the biggest annualized gain since August 2006. According to the National Association of Reuters, existing-home sales in November rose to 5.04M from 4.76M last month, beating projections of a rise to 4.9M. Finally, the October Federal Housing Finance Agency Housing Price Index increased 0.5% M/M versus a consensus of a 0.4% increase.