Home prices bottomed?

[Nick Gromicko]

According to the Clear Capital home price index, home prices stopped declining in early January and even increased for the first time since August. Over the last three months, home prices did decline 1.6% from the previous period. But at the start of 2011, Clear Capital said prices began "showing life." The company's senior statistician Alex Villacorta said it is the first uptick since the homebuyer tax credit was in force.