Is the Decline in U.S. Home Prices Easing?

http://www.rgemonitor.com/

"...The pace of decline has eased in 2009, though measures of home prices indicate that home values continue to fall y/y. While the supply of new housing has undergone a significant downward correction, rising foreclosures are still adding to excess housing inventories. On the demand side, the weak labor market will continue to weigh down the indebted U.S. consumer in the near future. Without an improvement in the demand- supply mismatch, there remains a risk of a prolonged decline in home prices..."

"...Shiller: Prices may continue to fall or stagnate into 2010 or 2011. There is much less demand for housing than is supply. Even if there is a quick end to the recession, the housing market's poor performance may linger. (via New York Times) Cities with relatively smaller declines like Boston could show signs of rebound, after the pace of foreclosures has fallen. Given the inventory on the markets and shadow inventory of houses, a scenario where home prices decline for years is more probable. (via Yahoo Finance)..."