Reports: Home prices to keep falling

Real estate brief

National home prices fell 11.3 percent from a year ago in August, and recently reported layoffs are likely to push foreclosure-related filings past the 3.2 million mark this year, First American CoreLogic said in releasing its latest home-price index.

Year-over-year nominal home-price declines — changes over a 12-month period, unadjusted for inflation — have held steady at around 11 percent for three consecutive months, said Mark Fleming, chief economist for First American CoreLogic.