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by CareyBot

Two indexes tracking home prices in major markets continue to show double-digit annual price declines, but the pace of those declines slowed for the fourth consecutive month during May, Standard & Poor's said.A clear inflection point has emerged in the rate of annual price declines measured by the S&P-Case-Shiller 10- and 20-City composite price indexes, Standard & Poor's said.After 16 consecutive months of record annual declines that began in October 2007, year-over-year price declines appear to have peaked in January 2009.The 20-City Composite index, for example, showed prices down by 17.1 percent in May compared to a year ago. The annual decline in April was 18.1 percent, and now appears to have peaked at 19 percent in January. Looking at individual markets, all but three me...