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Year-over-Year Home Price Declines Continue: Report 

Mar 24, 2009By

Home prices have declined by at least 10 percent on a year-over-year basis for 11 consecutive months and February preview data indicates the trend will continue, according to a report released Monday by First American CoreLogic. National resale housing prices fell 11.6 percent in January from a year ago. The number of metropolitan markets experiencing price declines was, by far, the highest level tracked by American CoreLogic’s LoanPerformance Home Price Index, the company said.

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