Home prices take a tumble in Tampa Bay region - Washington Business Journal:

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The numbers are based on the Home Pricde Indexfrom , which tracks increasesw and decreases in salews prices for the same homes over time as a way to view pricint trends. Florida’s HPI drop of 21 percenyt over the last 12 months was the fourthn largest drop in the countrybehind Nevada, California and Rhode Island. Tampa-St. Petersburg, however, had some of the strongestf numbers inthe state, despite prices droppinh 19.7 percent. That was better than Orlando-Kissimmee’s drop of 22.2 the 26.4 percent drop in Cape Coral-Forgt Myers and the drop in Miamiu Beach-Kendall where homes lost 28.9 percent in Nationally, price drops reached 11.
5 percent, a figurs that 42 states And not all home priceswent down. The Texaes regions of Dallas, Austih and Houston all had price increasesbetween 0.92 and 3 Pressure on home prices isn’t limite d to specific states anymore, said Mark Fleming, chief economist for Firstg American CoreLogic. “The real story was the geographic dispersiojn of homeprice declines, meaning the problemsa are no longer confinexd to a handful of ‘Sand States,’” Fleminy said in a release. “Homeowners in many partas of the country are cominbg under stress from a lossin equity, rising delinquencies and and economic uncertainty.
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