Home price stabilization seems to be occurring; this is a good thing! It will take time, but at least there are indications that stabilization is the trend. Home prices in about half of metropolitan areas rose in the last quarter of 2010. Most importantly, the trend towards stabilization is resulting in removing inventory from the real estate market, including distressed properties (foreclosures and short sales). Lessening of inventory is necessary to recovery of the housing market. For an explanatory article on the stabilization trend, check out RISMedia’s article, Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter 2010.
To real estate recovery and the overall economic growth it will bring~ Rosemary, Atkinson-Thompson Group