CoreLogic: Home price declines improving around Tampa

Home prices are still declining in the Greater Tampa-St. Petersburg metropolitan area, but the rate is slowing. A new report from First American CoreLogic shows home prices, including distressed sales, were down 11.8 percent in December, slightly worse than the rest of Florida but better than its year-over-year declines in November that topped 13 percent. When distressed sales were removed, annual price declines in the market were 11.3 percent, compared with 12.5 percent the year before. It was a better story nationally where home prices dropped just 3.7 percent in December, compared with a 5.3 percent decline the year before.

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