CHART OF THE DAY: Here's The Good News On House Prices

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The August Case-Shiller number was a tad disappointing, as the annual decline of 3.8% was a bit worse than the 3.5% decline that analysts had expected/hoped for.

But here’s the bottom line. The annual declines are getting less severe (from 4.1% in July to 3.8% in August), and obviously that’s the first step towards actual improvement.

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