Worst of the Housing Downturn May be Over as Price Falls Slow

House costs have dropped by 1% nationwide in November, the smallest fall in over 5

An early signal that the housing market has already moved by the worst of the downturn.

According to CoreLogic’s worth index, the velocity of the decline has slowed in Sydney and Melbourne, with costs falling by 1.3% and 0.8% respectively.

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