Home Price Declines in U.S. continue to improve
July 21st, 2009
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Dennis Norman
Home prices in the U.S. fell 9.2% in May compared to a year ago according to newly released data from First American CoreLogic and its Loan Performance Home Price Index (HPI). This drop represents the smallest year-over-year decline since December 2007.
Below are other highlights from the data released:
- The rate of national price declines for residential single-family detached homes peaked at 11.9% in January 2009 and has since improved by over 2.5 percentage points through May. The June preview data suggests further improvements int eh rate of decline.
- Since U.S. home prices peaked in July 2006, national home prices have declined 20.1% on a cumulative basis Read more…
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