Financial thoughts

Though home prices moderated nationally in January, home prices in the Nashville-Davidson-Murfreesboro-Franklin area continued to decline, according to data released today by First American CoreLogic.

Nashville-area home prices declined by 4.21 percent in January compared to one year ago, a deepening of the 3.94 percent reduction witnessed in December 2009. Excluding distressed sales, the January year-over-year decline was 2.46 percent, compared to December’s 3.04 percent decline. First American CoreLogic forecast that Nashville-area home prices, including distressed sales, will tick up 0 cheapest personal loan rates.10 percent over the next 12 months.

National home prices declined by 0.7 percent in January, compared to the national decline of 3.4 percent in December. Nationally, First American CoreLogic expects home prices to rebound 4.5 percent over the next 12 months.

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