Home Price Index Shows Decline for Third Straight Month

National home prices in October were down 3.93 percent from year-earlier levels, CoreLogic reported Thursday, marking the third month in a row the company’s index has recorded an annual drop in residential property values.

October’s reading follows a 2.43 percent annual decline reported for the month of September and a 1.08 percent drop in August, signaling that the deterioration in home prices is getting progressively steeper with each passing month.

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