U.S. Home Prices Fell 5.7% in April From Year Earlier, FHFA Says
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U.S. home prices fell 5.7 percent in April from a year earlier, signaling the housing market is struggling to recover as foreclosures weigh down values.
The decline was led by an 11 percent drop in the region that includes Nevada and Arizona, the Federal Housing Finance Agency said today in a report from Washington. The second-largest slump was 8.6 percent in the area that includes Florida.