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A new report is out that home prices rose 1.3 percent from April to May of 2010. While this appears to be a step in the right direction, many analysts think it could give consumers false hope of a real estate rebound.

We’re analyzing coverage from CNBC, Bloomberg, The Wall Street Journal and The International Business Times.

CNBC reports the increased prices might have to do with increased demand because of the government tax credit. But many remain skeptical the housing market as a whole will rebound soon.

“It does look as thought we’ve seen a little bit of strength there although that might have to do with the buying that took place before the expiration of the home buyer tax credit. The housing market remains, obviously, very difficult. It’s becoming more regionalized: some regions harder hit, others are beginning to stabilize.”

Karl Case, economics professor and co-creator of the S&P/Case-Shiller home-price index, tells Bloomberg that despite the increase, the housing market is stuck.

“It’s dead in the water now. It’s like this little engine that could, trying to get up the hill and it’s just been stuck in the mud.”

Nick Timiraos, a real estate reporter for the Wall Street Journal agrees, saying there is too much inventory, and builders are set to ramp up production.

“I think most economists will say we’re not going to have another sharp plunge, we’re just going to kind of bump along the bottom here for awhile. ... Every time you see prices pick up you, may see more inventory hit the market. And so it’s going to keep housing from really getting that 'V' out of the bottom here to have a v-shaped recovery.”

And The International Business Times reports that while prices did rise, consumer confidence hit a five-month low and the housing market is not out of the woods yet. The chairman of the Index Committee at Standard & Poor’s says:

“A broader look at home price levels over the past year still does not indicate that the housing market is in any form of sustained recovery."

The article goes on to say:

"High unemployment and wage cuts are keeping many potential buyers at bay.”

So, do you think these numbers will encourage more people to buy? Or will the housing market fall again?

Writer: Kelly Chase

Producer: Newsy Staff