Tag Archives: Metro housing price declines overshadow small-market gains: LPS

Home prices in December fell to a level not seen since September 2002, as depreciations in larger metros overshadowed gains in smaller markets. December was the sixth consecutive month in which prices fell, according to real estate analytics firm Lender Processing Services ($24.23). Of the 411 metropolitan statistical areas that LPS tracks, 402 showed average home price depreciation from the previous month. From June 2007 through December 2008 — the period of the quickest fall since prices peaked in June 2006 — national home prices declined at an average annual […]