Home-price index falls 4.4% in August

CoreLogic: Nevada, Arizona see double-digit year-over-year drop

U.S. single-family home prices declined 4.4 percent year over year in August, with Nevada and Arizona experiencing double-digit percentage declines and West Virginia seeing the largest increase, up 8.6 percent, according to an index by property data firm CoreLogic.

Excluding distressed sales, including short sales and real estate owned (REO) sales, the national index fell 0.7 percent year over year in August. On a month-to-month basis, the index dropped 0.4 percent in August, which was the first such decline in four months, CoreLogic reported.