Tuesday, April 5, 2011

Report: Property values fall 23.4% - Austin Business Journal:

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Home prices in the Orlando-Kissimmee slipped 23.4 percent in April when compared with the same monthu ayear prior, the seventh highest percentage of declinew among some of the nation’s largest metro The Orlando-Kissimmee market posted a 20.9 percen decrease in home valuesd in March when compared with March 2008. Florida passecd California to postthe second-highest rate of home pricw depreciation at 23.2 percent. Nevadas topped the nation witha 26.1 percentg drop, while California — the leadint state for 20 consecutive months — lander third at 22.7 percent. Nationwide housingv prices fell 10.
2 percent in Aprilp compared to ayear ago, representingh the smallest year-over-year decline so far this year. The national decline peaked at 11.9 percent in January 2009 and has sincwe beentrending down. First American CoreLogic’s LoanPerformance Home Price Index evaluatees the residential real estate market based on timebetween sales, property type and loan as well as increases and decreases in sales prices for the same homess over time.

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