A new report by Bank of America Merrill Lynch analysts suggested that home price appreciation (HPA) might have actually hit its double-dip bottom in March at -6.1%, earlier than what they had previously predicted in a previous report released a week earlier.

The analysts' conclusion was made based on an observed gain in both the HPA and the Federal Housing Finance Agency home price index in April.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.