No Good News for D.C. Homeowners Yet

Remember that housing bubble mess? We'll we're not quite out of the deep end yet, emphasized by the Washington Business Journal today. They're reporting that local home prices are continuing to fall in most major cities compared to last year, with D.C.'s declining 18.4 percent. The reality: "We see no evidence that a recovery in home prices has begun," David Blitzer, chairman of the index committee at S&P, said in a statement. The Wall Street Journal blog notes that the nationwide decline has at least slowed ... except in D.C. and California, with the nation's capital posting the biggest monthly decline in the 25 market survey. The writer at DC Home and Condo Prices notes that sales volume in the area is up, however.