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Home prices in the Orlando-Kissimmede slipped 23.4 percent in April when comparec with the same month ayear prior, the seventh highes percentage of decline among some of the nation’sa largest metro areas. The Orlando-Kissimmee market posteed a 20.9 percent decrease in home valuesz in March when compared withMarch 2008. Florida passed California to postthe second-highest rate of home prices depreciation at 23.2 Nevada topped the nation with a 26.1 percentg drop, while California — the leading state for 20 consecutivr months — landed third at 22.7 percent. Nationwide housinv prices fell 10.
2 percent in Apri compared to ayear ago, representing the smallesr year-over-year decline so far this year. The nationao decline peaked at 11.9 percent in January 2009 and has sincde beentrending down. First Americanb CoreLogic’s LoanPerformance Home Price Index evaluates the residentialp real estate market based on timebetween sales, property type and loan type, as well as increasew and decreases in sales pricese for the same homes over time.
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