National home prices, including distressed sales, declined by 7.8% in October 2009 compared with October 2008, according to First American CoreLogic and its LoanPerformance Home Price Index (HPI).

This was an improvement over September's year-over-year price decline of 9.5%. On a month-over-month basis, national home prices declined by 0.7% in October 2009 compared with September 2009. When distressed sales are taken out of the equation, year-over-year prices in October fell by 5.8%.

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