Housing Downturn Loses Some Steam With CoreLogic National Home Value Index Down 0.6% In March

Although the CoreLogic national hedonic index series trended lower in March, the actual rate of decline has been easing over the past three months. In fact, Mr Lawless confirmed that the 0.6% drop in March was actually the smallest of the month-on-month declines since values fell by 0.5% in October last year.

Commenting on the results, Mr Lawless said, “While the pace of falls has slowed in March, the scope of the downturn has become more geographically widespread.”

Dwelling…