Major metro prices to bottom in March?

'Shadow inventory,' negative equity threaten home prices

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Home prices in 45 of the largest metro markets tracked by First American CoreLogic’s LoanPerformance Home Price Index are expected to hit bottom in March, and show a modest annual gain by October 2010, the company said in a report today.

The LoanPerformance Home Price Index showed national home prices declining by 7.8 percent in October from a year before, off 30.1 percent from their April 2006 peak, the company said.