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Real estate prices continue slide in September

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U.S. single-family home prices declined on both a monthly and annual basis in September -- the second straight month that property data firm CoreLogic reported a decline in both measures. CoreLogic's price index fell 4.1 percent year over year and dropped 1.1 percent on a month-to-month basis in September, according to a company report released today. That follows a 4.4 percent annual decline and a revised 0.3 percent monthly decline in August. Excluding distressed sales, defined as short sales and real estate owned (REO) sales, the national index fell 1.1 percent year over year in September and fell a revised 2.2 percent year over year in August.In a statement, Mark Fleming, CoreLogic's chief economist, said the company expects "declines to continue through the winter.""Distressed sales remain a significant share of homes that do sell and are driving home prices overall," he added. Among the 10 most populous metropolitan areas in the country, all but two saw ...