The July 2011 RE/MAX National Housing Report, which surveyed 53 U.S. metropolitan areas, shows signs of a continuing, but uneven, recovery in the housing market. After rising for two straight months, Home Sales fell 12.7% in July when compared with sales in June, following a traditional summer trend. However, for the first time in six months, Home Sales were higher than one year ago, up an impressive 13.1% from July 2010. Strict lending standards, bad appraisals and concern about the economy all contributed to lower than normal sales in July. Many lenders are already using the lower GSE and FHA loan limits set to take effect on September 30. Home Prices were even and inventory levels continued to fall for a thirteenth straight month.