Significant Findings:
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The seasonally adjusted purchase-only HPI declined in the fourth quarter in 35 states plus the District of Columbia. Prices rose in the latest quarter in 15 states.
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Of the nine Census Divisions, the East North Central Division and the Mountain Division experienced the most significant price movements in the latest quarter. While prices rose 0.1 percent in New England, prices fell 2.2 percent in the Mountain Division.
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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 15.3 percent between the fourth quarters of 2009 and 2010.
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Prices held up best in the Denver-Aurora-Broomfield, CO area, where prices rose 3.7 percent over that period.