DailyFinance.com:
Overall U.S. home values declined again in the fourth quarter of 2009, and fell 5% year-over-year and 0.5% quarter-over-quarter, according to the Zillow Hom3 Falue Index. The S&P/Chase-Shiller Home Price Index showed mixed data in its January report on house prices ending Nov. 29, but it, too, showed house price declines in November in many markets.
While some markets do appear to be finding their bottoms, and some even saw increases in price, the fourth quarter showed values slipping again in many parts of the country. Of the 143 markets tracked by Zillow, 29 showed five consecutive month-over-month increases in home values in 2009 before beginning to flatten or fall again in the second part of the year, among them Boston, Atlanta and San Diego.
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