NEW YORK – There is a clear trend home prices declines are moderating — another sign the beleaguered housing market is stabilizing, according to data released Tuesday.
While the Standard & Poor's/Case-Shiller index of 20 major cities tumbled by 18.1 percent, it marked the third straight month the decline was not a record. And yearly losses in 13 metros improved compared to March.
"The stock market bottomed in March and measures of consumer confidence have turned upward. This report shows that these better spirits are also appearing in the housing market," said David M. Blitzer, chairman of the S&P index committee.
*Folks, the shits STILL declining, the declines now are not setting records, let's ALL jump for joy.
And ALL that MBS paper out there and in the vaults of the BANKS.....wont take this data into account as mark to market value was discontinued.
D
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