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California Home Prices Off 28.9%
December 2nd, 2008 9:14 AM

California home prices were falling at a 28.85% annual rate in late October, worst decline in the nation, reports First American LoanPerformance. It’s the 18th consecutive month that California has taken that dubious honor.

Following California was Nevada (-24.54%); Arizona (-20.41%); Florida (-16.12%); Rhode Island (-13.30%) and  Hawaii (-12.69%.) Best in the nation was West Virginia, up 4.96%.

One glimmer of hope for Californians was that late October’s rate of decline was down for the second straight month, leaving the loss rate at its lowest since May.

 


Posted in:General
Posted by David Moore on December 2nd, 2008 9:14 AMPost a Comment

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