Significant Findings:
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Of the nine Census Divisions, the Mountain and Pacific Divisions, both in the western U.S., experienced the most significant price movements in the latest quarter. Prices fell 1.4 percent in the Mountain Division, while prices increased 1.9 percent in the Pacific Division.
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Seasonally adjusted, purchase-only indexes indicate that prices rose in the latest quarter in 19 states and Washington, D.C. Prices rose over the latest four quarters in only seven states.
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The purchase-only index for California rose 2.1 percent between the second and third quarters of this year.
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Of the purchase-only indexes for the 25 most-populated metropolitan areas in the U.S., four-quarter price declines were greatest in the Phoenix-Mesa-Scottsdale, AZ Metropolitan Statistical Area. In that area prices declined 22.0 percent between the third quarters of 2008 and 2009. Prices held up best in the Denver-Aurora-Broomfield, CO Metropolitan Area, where prices rose 3.3 percent over that period.