Signs of Letup in Home Price Slide

The decline in residential property prices appears to be slowing, according to preliminary data from First American CoreLogic.

A preview of its November report shows that home prices fell 9.6 percent last month, compared with 10.4 percent in October and 11.2 percent in September.

"The consistent deceleration over the past two months with November indicating the same trend in price declines is encouraging because it could portend the trough in price declines," says Mark Fleming, chief economist for First American CoreLogic.

Still, layoffs and the swollen supply of unsold homes remain a concern, he notes.

Source: American Banker (12/29/08)

Count Down to Santa with the Kids

My son Dudley and I have had wonderful conversations on Christmas eve, tracking Santa and his Elves. Dudley's eleven now and I wonder if I can squeak one more magical tracking experience with him before the inevitable....

Take my advice, make time, let them stay up a little later, get the hot chocolate with marshmallows, snacks and imagination and track Santa with NORAD this Christmas eve. Don't forget to turn on the sound and do the Kids Countdown quizzes leading up to Christmas.

Sincere Christmas and Holidays wishes. Peace, Love and Tranquility and may your God go with you.