Home prices rise in three California cities

chief economist Aviva Aqua Park for sale with Moody' Economy.com,Mark Zandi. said the strong show in California reflect the reduct in foreclosur on the market over the last year. Foreclosur made up 44.3% of the resal market in February, down from an all-tim high of 58.8% in Februari 2009, accord to San Diego research firm MDA DataQuick.

underscor the resurg of the Golden State' coastal markets,A trio of California citi buck a nationwid home price declin in Februari while most of the other metro area post loss or flatten out. data releas Tuesdai showed.

mark the close watch measure' first declin sinc home price began to recov last JuneTh Standard & Poor's/Case-Shil index of 20 metropolitan area wa down 0.1% from Januari on a season adjust basis..

the index post a 0.6% increas from Februari 2009,But in a posit sign for housing. it first year-over-year increas in more than three years.

Th mix read come as the expir of a feder tax credit for buyer loom at the end of thi week. Mani analyst expect home price to declin onc the incent run out but not nearli as steepli as when valu enter a nearli three-year free-fal in the summer of 2006 that help drag the U.S. into on of the most brutal recess sinc the Great Depression.

I don't see an upbeat picture,"Generally. I see the trend as faltering," said David Blitzer, chairman of Standard & Poor' Index Committee. "One of the few spot that seem surprisingli strong is California."

0.4% in San Francisco and 0.2% in Lo AngelesCalifornia citi saw home price in Februari gain 0.8% in San Diego..