Newsroom at Clear Capital : Market Report: "Prices Experience Positive Start to 2011
Since Jan. 1, 2011, national home prices have experienced the first positive gains since mid-August 2010 (0.9% in the first three weeks of 2011).
National quarterly decline of 1.6 percent is a significant improvement from November's quarterly decline of 5.8 percent, further indicating a halting of price drops.
The year-over-year national decline continued downward, but only marginally, with the yearly price change reaching -4.3 percent through January, down from the -4.1 percent reported last month.
National home price declines reversed their downward trend this month, with the current rolling quarter-over-quarter declines (-1.6% price change) leveling off near zero. All regions except the West experienced flattening quarterly price changes."