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Big news from Case-Shiller: House prices just went positive on a year-over-year basis.Analysts had expected a 0.05% decline on a year over year basis, but instead prices rose 0.50%.
This is the first gain since early 2010.
On a sequential basis, house prices rose 0.94%, well ahead of the 0.45% that analysts were expecting.
The full report can be found here.
As you can see in this table, for the second straight month, every single housing market saw sequential gains.