Price declines spread to more markets

'Glimmer of hope' in slowing rate of decline

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.