The latest Case-Shiller Home Price Index shows a slower decline in real estate prices than was recorded the previous month, perhaps a hint at a stabilizing market. The decline was also smaller than economists predicted, but even so, none of those surveyed are expecting a prompt market recovery. Either way, the numbers don't mean much to most NYC property owners, since new developments, condos, and co-ops aren't included in the index. [Bloomberg via Crain's]
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