March 30 | CNBC

Special Report: Real Estate Recovery a Tale of Good, Bad and Ugly | by Diana Olick

CNBC writes | The housing recovery is under way in fits and starts, but it is volatile, and it is local. Home prices nationally are down around 4 percent from a year ago, according to the latest report from S&P/Case-Shiller. While price declines are decelerating, that’s a new low for the index, which is now down 34.4 percent from its peak in 2006. "The headline analysis has framed the year-over-year rise in sales volume as evidence of a nascent recovery in housing," notes economist Sam Chandan.

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