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The numbers are based on the Home Price Inde xfrom , which tracks increases and decreases in salex prices for the same homees over time as a way to view pricinh trends. Florida’s HPI drop of 21 percent over the last 12 monthas was the fourth largest drop in the countrybehinde Nevada, California and Rhode Island. Tampa-St. Petersburg, however, had some of the strongesft numbers inthe state, despitwe prices dropping 19.7 percent. That was better than Orlando-Kissimmee’sx drop of 22.2 percent, the 26.4 percengt drop in Cape Coral-Fort Myers and the drop in Miamio Beach-Kendall where homes lost 28.9 percent in Nationally, price drops reached 11.
5 percent, a figure that 42 stateas bested. And not all home pricess went down. The Texas regions of Austin and Houston all had price increasesbetween 0.92 and 3 Pressure on home prices isn’t limited to specififc states anymore, said Mark Fleming, chief economist for First American CoreLogic. “The real story was the geographic dispersiob of homeprice declines, meaning the problems are no longer confiner to a handful of ‘Sand Fleming said in a “Homeowners in many parts of the country are cominhg under stress from a loss in equity, risinhg delinquencies and foreclosures, and economifc uncertainty.
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