The North Fulton Blog

April 29th, 2009 7:16 PM
Yesterday, the monthly home value "bleeding" that has been plaguing home sellers locally for the past 2 years didn't "bleed" quite as much!  That's kind of an odd statement.  It seems that the monthly decline in home prices didn't set a record for the first time in the past 16 consecutive months.  Officials with the Standard & Poor's Case-Shiller Home Price Index are saying that while the declines continued in February, the "rate of decline" actually decelerated.  They say that one month of good news does not make a trend and that they'll have to watch over the next several months before anyone could say that the market was really improving.  But the news for now is positive!  And boy, couldn't we all use some good economic and housing news!  I'll continue to watch the market and report back next month on this topic.  Wouldn't it be great if we really had hit bottom and the market is turning around!  Stay tuned.

Posted by Tom Esposito on April 29th, 2009 7:16 PMPost a Comment (0)

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