Griz

Case-Shiller Housing Numbers: The Rate of Decline Is Decreasing

We are merely at the normal "Spring" inflection point. As soon as the Realtor-led selling season hype wears off (probably by June) housing prices will resume their crushing descent downward. I wouldn't even be surprised to se prices re-inflect downward yet again as the Option-Arm and Alt-A products begin to really hurt the upper end. Homebuyers, do yourself a favor an continue to wait. Housing is an incredibly slow-moving asset class, so don't worry that you will miss the bottom (it is still 2 - 3 years off).