Home Prices Headed Up?
Is a bottom in sight for home values?
According to First American CoreLogicHome, prices may finally begin to rebound in the second half of this year. The information provider expects prices to decline another 0.9 percent nationwide before bottoming out later this year. If distressed properties are included in the calculation, then prices will decline another 3.7 percent before bottoming out.
Either way, it's good news for homeowners who have watched their homes drop almost 30 percent from April 2006 to January 2010. When distressed properties are taken out of the mix, homeowners still lost about 20.9 percent in their property values during that time.