The latest S&P Case-Shiller Index shows that the Boston housing market is very close to breaking into positive price territory.
Prices here continued to decline in October, according to the much-anticipated report. But the decrease was relatively slight, year over year, at minus 2.8 percent, compared to the national average decline of 7.3 percent, the report found.
The national picture shows the rate of price declines is easing in all 20 major metro markets in the U.S.
File under: The New Year is looking better.
An update — Is the glass half full or half empty? A New York Times report views the Case-Shiller data in a much more negative light.