The housing market is showing more signs of a rebound, with home prices climbing for three consecutive months.
On an annual basis, prices were down 0.2%, but the monthly trend suggests that prices are stabilizing. All 20 major metro markets reported month-over-month price increases, with gains accelerating in 12 of those. But the housing market remains highly divided regionally. For example, the Southeast saw prices rise 3.6%, while the West saw prices drop 6.9%.
The lowest eight performers as far as price growth, according to the data, were all cities in the Mountain or Pacific time zones. Seattle and San Francisco were at the bottom, with price declines of 12.4% and 11.1%, respectively.
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