Quarterly home-price declines seen in 36 states

OFHEO index finds national prices up 0.6% in February

Home prices fell in 36 states during the three months ending in February, while 28 states saw year-over-year price declines, according to a house-price index compiled by First American CoreLogic.

The LoanPerformance House Price Index showed that three-month declines in the New York-White Plains, Philadelphia, Seattle, Detroit and Portland markets were steeper than the 12-month declines in these areas. In California and Florida, the pattern is reversed.