The Real Deal Miami

August home prices decline: CoreLogic

October 27, 2010 02:30PM

Home prices in the U.S. declined for the first time this year, according to CoreLogic’s recently released Home Price Index. National home prices, including distressed sales, declined 1.5 percent in August 2010 compared to August 2009 and increased by .6 percent in July 2010 compared to July 2009, the index shows. Excluding distressed sales, year-over-year prices declined .4 percent in August 2010. Florida was one of the top five states with the greatest depreciation: 6.2 percent, the report says. “Price declines are geographically expanding as 78 out of the largest 100 metropolitan areas are experiencing declines, up from 58 just one month ago,” said Mark Fleming, chief economist at CoreLogic. TRD