Major metro prices to bottom in March?

'Shadow inventory,' negative equity threaten home prices

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.