Industry NewsMarkets & Economy

Home prices, construction spending fall

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The following is an Inman News roundup of real estate news: California's Central Valley a hotbed for price declines Two-thirds of all states showed year-over-year real estate price declines in March, according to a report released today by First American CoreLogic, a part of First American Corp. The LoanPerformance House Price Index, which covers about 7,523 ZIP codes and 670 counties, found that the largest declines among statistical areas are concentrated in California's Central Valley, and California is home to nine of 10 statistical areas that suffered the steepest price declines in the past year. Los Angeles topped the list with a 21.2 percent decline in the past year. Price per square foot drops in 23 of 25 metro areas The price per square foot of residential housing dropped in 23 of 25 U.S. metro areas during March compared to the same month last year, according to a monthly report. Radar Logic Inc., a real estate data and analytics company, reported that the...