Housing Prices Post Record Decline in Q2

"In a nutshell, U.S. home prices in general are still falling at an astronomical rate, but some areas have seen the rate of decrease moderate in recent months — an effect that may be seasonality, may be the start of more sustained price declines (compared to accelerated price declines), or may reflect purchase activity at the lower price points and among deeply-discounted foreclosure properties now flooding many key local housing markets."