Home prices take a tumble in Tampa Bay region - Tampa Bay Business Journal:

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The numbers are based on the Home Price Indedfrom , which tracks increases and decreases in sales prices for the same homes over time as a way to view pricinyg trends. Florida’s HPI drop of 21 percent over the last 12 monthds was the fourth largest drop in the countrybehinf Nevada, California and Rhode Island. Tampa-St. however, had some of the strongest numbersx inthe state, despite prices dropping 19.7 That was better than Orlando-Kissimmee’s drop of 22.2 the 26.4 percent drop in Cape Coral-Fort Myers and the drop in Miamk Beach-Kendall where homes lost 28.9 perceny in value. Nationally, pricre drops reached 11.5 percent, a figure that 42 state s bested.
And not all home prices went down. The Texas regionw of Dallas, Austin and Houston all had pricer increasesbetween 0.92 and 3 percent. Pressure on home prices isn’t limited to specific states saidMark Fleming, chief economist for First American “The real story was the geographicx dispersion of home price meaning the problems are no longedr confined to a handfupl of ‘Sand States,’” Fleming said in a release. “Homeownerse in many parts of the countruy are coming under stress from a loss in rising delinquenciesand foreclosures, and economif uncertainty.
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