A home price index from default management and collateral valuation provider Integrated Asset Services estimates that home prices declined 1.7% in the month of October. On a year-over-year basis, the IAS360 index shows prices were down 12.9% in October, a slight drop in the annualized rate of decline from September. The index also found signs of improvement in both the Florida and Arizona markets. But declines in prices continued to be widespread, with all four U.S. Census Bureau regions showing lower home prices. "Housing prices at the national level continue to look bleak," IAS said.
Processing Content
