The One Number to Watch for a Housing Recovery

 

If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.

FORTUNE – Over the past few months, many economists have concluded that that the U.S. housing market has reached a turning point and is healing. This may sound hard to believe, since home prices have continued their downward trend. In 2011, prices fell by 4% following nearly a 30% decline since the property bubble paeked in June 2006. They ended the year at a 10-year low.

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