Las Vegas Case Shiller Index Shows Smallest Decrease in 10 Months

Today’s Las Vegas Case Shiller index numbers show a drop of just 1.6%, a dramatic improvement over last month’s 2.9%, and the smallest decline since last summer.  The pace of price declines has trended slower since January, 2008, and this month’s numbers continue in the right direction.

The improvement is even more impressive given the conventional wisdom that foreclosures are still driving prices sharply lower.

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-Frothing Mark

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