Over the past three months, there has been a small but noticeable acceleration in home price declines, reversing what appeared to be a stabilizing trend in the fall of 2008, the First American CoreLogic LoanPerformance Home Price Index found.

The index for February 2009 marked the 24th consecutive month of home price declines. National housing prices fell 12.2% in February from a year ago. More than 700 Core Based Statistical Areas (were experiencing home price depreciation, up from 402 CBSAs experiencing depreciation just six months ago.

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