FHFA's House Price Index (.pdf) shows U.S. home prices fell 0.5% in Q1 vs. Q4's 3.3% decline....

|By:, SA News Editor
FHFA's House Price Index (.pdf) shows U.S. home prices fell 0.5% in Q1 vs. Q4's 3.3% decline. Prices are down 7.1% Y/Y. The data provides "growing evidence that housing market conditions may be stabilizing in some parts of the country... [and] home price depreciation may be easing."