moorer1

Home Prices See Record Declines in July

"Ok, so I'll call the bottom: We're about halfway there. "

It's a little scary...but I agree.

Home Prices See Record Declines in July

"The news is not all bad, however. Overall declines have actually slowed in home prices in the most recent three-month period."

It's not apparent to me that this is terribly relevant, as the home values are substantially seasonal, and the most recent three-month period just reflects this seasonal strength. The record year over year decline tells the real story. Those declines have to get smaller before any "not bad news" can be declared...