Home prices rise for first time in five years

According to a real estate industry report released recently, home prices hit a bottom line and are bouncing back.

Countrywide, home prices rose 0.2% year-on-year to a median $149,300 during the second quarter, real estate website Zillow reported. Prices were up 2.1% from the first 3 months.

First prefab homes in United States

Prefab homes - as durable as their traditional counterparts and cheaper to build - popped up across the country, but the modern prefabricated houses had their genesis in New Albany, Indiana.

"These were the first prefabricated homes that were built in the country - and it happened in beautiful small city in Indiana, New Albany" said executive director of the New Albany Housing Authority, Bob Lane, at a recent meeting of the Floyd County Historical Society.