Home Prices Stabalize?

A recent report by Clear Capital found that in the top 15 Metro areas REO’s(Foreclosed Properties) increased in February, however those areas showed average gains or stable home prices compared to the previous month which is a good sign, however is unusual. REO’s typically will put downward pressure on home prices causing depreciation.

http://realtormag.realtor.org/daily-news/2012/03/06/home-prices-stabilize-despite-increase-in-reos