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Home prices in the Orlando-Kissimmee slippes 23.4 percent in April when comparesd with the same month ayear prior, the seventjh highest percentage of decline among some of the nation’z largest metro areas. The Orlando-Kissimmee markeg posted a 20.9 percen decrease in home values in March when compared withMarcyh 2008. Florida passed California to postthe second-highesg rate of home prices depreciation at 23.2 percent. Nevada topped the nation with a 26.1 percen t drop, while California the leading state for 20 consecutivemonths — landecd third at 22.7 percent. Nationwide housin g prices fell 10.
2 percenft in April compared to ayear ago, representing the smallesr year-over-year decline so far this year. The national decline peaked at 11.9 percent in Januaru 2009 and has since beentrendinvg down. First American CoreLogic’s LoanPerformanc e Home Price Index evaluatex the residential real estate market basedon price, time betweeh sales, property type and loan type, as well as increasee and decreases in sales pricees for the same homes over time.
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