Tuesday, April 28, 2009

Positive 2nd Derivative!!!

Home prices were still down in Februrary.
Prices of U.S. single-family homes fell 18.6 percent in February from a year earlier but the rapid pace of decline slowed, perhaps indicating the housing market may be nudging closer to a bottom, according to Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday. ... S&P said its composite index of 10 metropolitan areas declined 2.1 percent in February from January for an 18.8 percent year-over-year drop. The 10-city index dates to 1988.