Significant Findings:
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Of the nine Census Divisions, the East North Central and New England Divisions experienced the most significant price movements in the latest quarter according to the seasonally adjusted, purchase-only index. While prices rose 1.6 percent in the East North Central Division, prices fell 0.7 percent in the New England Division.
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Seasonally adjusted, purchase-only indexes indicate that prices rose in the latest quarter in 27 states. Prices rose over the latest four quarters in 10 states and Washington, D.C.
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As measured with purchase-only indexes for the 25 most populated metropolitan areas in the U.S., four-quarter price declines were greatest in the Phoenix-Mesa-Glendale, AZ area. That area saw price declines of 5.5 percent between the second quarters of 2009 and 2010. Prices held up best in the Oakland-Fremont-Hayward, CA (MSAD) area, where prices rose 9.9 percent over that period.