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Kern unemployment at 13.9 percent in September Pre-Halloween Christmas displays Read Florez's letter to the PUC Know Your Farmer, Know Your Food Text of Jerald Teixeira plea agreement What are your kids (or you?) going to be for Halloween? Update on Forever 21 opening at Valley Plaza First-time homebuyer credit still available Facts on Kern come out in American Community Survey What can you get for your money? See our home sales map January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 January 09 February 09 March 09 April 09 May 09 June 09 July 09 August 09 September 09 October 09 November 09 Contact us with your news and information: Christine Peterson, cpeterson@bakersfield.com, 395-7418 John Cox, jcox@bakersfield.com, 395- 7345 Courtenay Edelhart, cedelhart@bakersfield.com, 395-7372 E-mail & PrintGet e-mail updates from this blog, and download a PDF to print on the go with the Money Talks Printcast.
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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.
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