Two reports out this morning show that while Twin Cities housing is still struggling, there are more signs that the market is beginning to stablize.

CoreLogic said that foreclosure rates in the Twin Cities metro area were down about .3 percent compared with last year. That means 2.26 percent of all mortgages are in foreclosure, well below the national rate of 3.59 percent. For the Twin Cities the February foreclosure rate was up slightly from the previous month.

The group said that the delinquency rate, or those who were 90-days or more late on their mortgage payments, was down slightly, too, falling to 4.92 percent.

The FNC Residential Price Index showed that despite a steep increase in home sales, prices acorss have countinued to fall slightly. During February prices were down .8 percent from January, but 3 percent behind last the same period last year. The group attributes the declines to a sharp increase in the number of distressed sales, which have increased from nearly 23 percent in July 2011 to 27 percent last month.

The situation was slightly better in the Twin Cities, which was one of only six metro areas in a 30-city composite where year-over-year prices increased. In fact, on a seasonally adjusted basis, Minneapolis and San Antonio posted the biggest gains, with prices rising 2.5 percent.

The FNC report is a hedonic index that exludes foreclosure sales, and is based on a combination of public records, real-time appraisals and property and neighborhood characteristics.