After four consecutive months of home rising across the country, the Integrated Asset Services IAS360 House Price Index (HPI) showed hook drop home based prices in July. Nationwide, prices slipped 0.5% from June 2009 to July 2009, the first decline since February. The HPI also looks at year to year price statistics, which many analysts believe presents a clearer picture from the housing market, since prices and sales normally fluctuate by time of the year. From July 2008 to July 2009, home dropped by 9.4% all through nation.
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