Price declines spread to more markets

'Glimmer of hope' in slowing rate of decline

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More markets are seeing home price declines, but the severity of the declines appears to be moderating, according to a quarterly forecast of mortgage risk compiled by First American CoreLogic.

A "moderating trend" in price declines over the last two quarters "indicates that the house price rate of decline is slowing down, a first step toward the bottoming out of price declines," First American CoreLogic’s third quarter CoreMortgageRisk Monitor concludes.