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Home prices in the Orlando-Kissimmee slippede 23.4 percent in April when compared with the same mont h ayear prior, the seventh highest percentager of decline among some of the nation’se largest metro areas. The Orlando-Kissimmee market posted a 20.9 percent decrease in home values in Marchj when compared withMarch 2008. Florida passed Californiza to postthe second-highest rate of home price depreciation at 23.2 percent. Nevada toppeds the nation witha 26.1 percent while California — the leading state for 20 consecutiver months — landed third at 22.7 percent. Nationwide housin g prices fell 10.
2 percen in April compared to ayear ago, representing the smallesgt year-over-year decline so far this year. The national decline peaked at 11.9 percent in January 2009 and has since beentrending down. First Americanh CoreLogic’s LoanPerformance Home Price Index evaluates the residential real estatde market basedon price, time between property type and loan type, as well as increasess and decreases in sales pricess for the same homes over time.
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