Industry NewsMarkets & Economy

Indexes show August price declines

CoreLogic reports depreciation in 78 of 100 markets tracked

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U.S. home prices posted their first year-over-year decline in 2010 during August, according to data aggregator CoreLogic.CoreLogic's Home Price Index showed national home prices declining 1.5 percent in August compared to the same month a year ago. The index showed prices down 28.2 percent from their April 2006 peak.When sales of distressed properties are excluded from the index, the year-over-year price decline in August was a more modest 0.4 percent, and the drop from the peak was 19.6 percent.Among the nation's 100 largest metro areas, 78 saw price declines, up from 58 in July, when the index registered a 0.6 percent year-over-year price increase.The top five states with the highest appreciation, including distressed sales, were: Maine (up 5.8 percent), New York (3.7 percent), Connecticut (2.5 percent), Virginia (2.4 percent), and South Dakota (2.1 percent).The top five states with the greatest depreciation, including distressed sales, were Idaho (-14 percent), Alabama (-10.4 percen...