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MoneyTalks - > Money Talks -> Home prices decline 25 percent in one year
Home prices decline 25 percent in one year

Home prices in Bakersfield fell 25.16 percent in March compared with a year earlier, while national housing prices fell 11.5 percent during the same period, according to First American CoreLogic’s Home Price Index.

In February, Bakersfield home prices fell 27.88 percent compared to one year prior.

Two trends are emerging: Price declines are slowing in the states that have had the highest declines over the past three years, but declines are accelerating in states that have been experiencing only moderate decreases, First American CoreLogic said.

Price declines gained steam in 33 states in the last three months. Forty-four states saw home prices fall in March, compared with 30 states a year ago.

Nevada (-25.9 percent) remained the top ranked state for annual price depreciation, followed closely by California (-24.9 percent).

Santa Ana-based First American CoreLogic produces data and analytic tools for the real estate industry.


 

Posted in the Business & Finance interest group.
Topics: home prices, bakersfield, sales, Real Estate
posted by MoneyTalks on Tuesday, May 26, 2009 at 03:20 PM
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