A real estate report by First American CoreLogic released this week shows January home prices increasing slightly in Fort Collins and Loveland and slowing their decline in Greeley.

The report said home prices in the Fort Collins-Loveland area increased by 0.07 percent in January compared to January 2008 after dropping by 1.72 percent in December compared to one year earlier.

In the Greeley area, home prices decreased by only 0.44 percent in January over the same month in 2008 after decreasing 2.2 percent in December 2008 over December 2007.

Nationally, the news continued to be bad as resale housing prices fell by 11.6 percent. The national decline in January continued 11 consecutive months of depreciation of more than 10 percent and February preview data indicated the trend will continue, according to the report.

As of January 2009, nearly 700 of all metropolitan markets were experiencing home depreciation, up from 254 markets in December 2007 and 394 in June 2008.