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4 markets where prices will fall hardest

CoreLogic sees reversal of home-price gains
Published on May 20, 2010

National home prices were up 1.7 percent in March when compared to a year ago, but will probably give back some of those gains in the year ahead with the expiration of the federal homebuyer tax credit, data aggregator CoreLogic said in releasing its latest home-price index.While 51 out of the 100 largest markets saw year-over-year price appreciation in March -- up from 42 markets in February -- CoreLogic predicts average national home prices will fall 0.5 percent in the next 12 months.The road ahead looks much different if distressed properties are excluded, with 3.6 percent price appreciation forecast for national home prices in the year ahead."The differences between trends, including and excluding distressed sales, indicate the strong influence of distressed activity remains," said Mark Fleming, chief economist for CoreLogic.A surge in March home sales gave the market a boost this spring, but as the influence of the tax credit and spring buying season fade, price growth wi...

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