Monthly Value Decline Slows Slightly

In this political season we're innundated with parsed statements attempting to find a silver lining in any situation. Consider the title of this post as one of those statements.

Values (according to the Case-Shiller Value Analysis) declined again in May 2008 but the decline slowed compared to the previous month for the first time since October of last year. It's too soon to declare the much-anticipated market-bottom but this statistic does deserve our attention.

I really like the Case-Shiller data since it measures value of properties sold against previous sales of the same property (not just closed sale figures).