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Rate of decline in housing slows



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The housing misery may not be over but at least the fall is slowing down and that's a start. Few believe that it will rebound into a sellers market any time soon but stopping the decline will be a very good first step. CNNMoney:

The weak housing market continued to plague home sellers in February as home prices extended their losing streak to 31 consecutive months, according to a report issued Tuesday.

However, the rate of decline slowed, with the S&P/Case-Shiller 20-city home price index not hitting a record low for year-over-year drop for the first time since October 2007.

"We will certainly need a few more months of data before we can determine if home prices are finally turning around," said David Blitzer, chairman of the index committee at Standard and Poor's.


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