Home prices decline for 3 months in a row Premium Content

CoreLogic: Prospect for 2011 recovery fades

Inman News®

October home prices fell for the third straight month, according to an index maintained by mortgage data aggregator CoreLogic.

The 3.93 percent year-over-year decline in the CoreLogic Home Price Index was significantly greater than the 2.43 percent slip registered in September, and left home prices down 30.2 percent from their April 2006 peak.

Excluding distressed sales, national home prices were down 1.5 percent in October 2010 compared to a year ago, with a 20.9 percent decline from peak.

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