It is a little too early to celebrate new life in the housing market, but Americans should soon have something to party about if the spring housing season is any gauge.

With sales rising and home price declines moderating in many regions of the country, the hard-hit U.S. housing market is showing some signs of stabilization.

“The long and painful crash in the housing market is coming to an end,” said Mark Zandi, chief economist at Moody’s Economy.com in West Chester, Pennsylvania.

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