It has been 7 years since national home prices made it through the winter selling season without experiencing a quarterly decline[1]. March home prices posted a 6.5 percent year-over-year improvement and a quarterly gain of 0.9 percent. “This is very strong evidence of the start to a new leg of the recovery,” said Clear Capital research and analytics director Alex Villacorta. He added that the milestone should “give further confidence to consumers and lenders alike that the recovery is real” and predicted “a positive feedback loop” in the near future.

 


[1] http://www.dsnews.com/articles/report-prices-post-first-winter-quarterly-gain-in-7-years-2013-04-02