THE BASIS POINT

CA Home Price Decline Slowing

For the first time in more than a year, the California Association of Realtors in February reported small month-over-month price increases in Alameda, San Francisco and San Mateo. This is attributed to prices now reaching fair value and record low mortgage rates. DataQuick analyst Andrew LePage said the direction of the figures over the past few months justifies cautious optimism. Full story: San Francisco Chronicle.