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Reports show US real estate market stabilising but recovery expected to be long and slow

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Nicholas Wallwork

Nicholas Wallwork

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Residential property prices in the US appear to be stabilising and were down less than 1% in*January compared to the same time a year before, according to latest index to be published.

The 0.7% year-over-year decline in January was better than the 3.4% decrease in December, the*latest monthly Home Price Index from First American CoreLogic shows.



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