Austin home prices up, still dropping elsewhere - Washington Business Journal:

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According to First Americam CoreLogic’s Home Price Index, 33 states saw home prices decline at a fastere ratein March. However in the majord Texas cities, including the Austin-Round Rock metro prices increased. In the local area prices rose 2.2 percenyt in March compared withMarch 2008. That’s down slightl from the region’s February home price increaseof 3.2 percent compared to the previouw February. Housing price declinee are slowing in states that have seen the highest declinea in the pastthree years, but prices are droppinb faster in states that have seen only moderate decreasesd in that time period, the research found. housing prices fell 11.
5 percent in March compared with the same month last down froman 11.7 percent annual decline in February. The numbed of states with double-digit annual declinez has doubled in thelast year, according to the from seven states in Marcgh 2008 to 14 states this Nevada remained the top-ranked state for annual price depreciationm in March, with an average home pric decline of 26 percent. California followed close behind with a housing price declinse of 25 percent compared with the same monthnlast year. Rhode Island, Florida and Arizon a round out thetop five.
Four Texasd metro areas saw either the smallest housingh price decline ofthe region’s in the studty or experienced home price increaseas in March, according to the index. Those were San Antonio; the Dallas-Plano-Irviny area; the Austin-Round Rock area and the Houston-Sugar Land-Baytown