Data Shows Valley Homes Continue to Lose Value
RIO GRANDE VALLEY - Homes in the Valley are continuing to lose value. New data gathered by Corelogic shows home prices declined by 0.1% in October of this year compared to this same time last year.
On a national level, home prices also continue to decline in response to the weak demand for housing. The housing market dropped by nearly 4% this October compared to October of 2010. In addition, the report says that national home prices are expected to remain flat through 2013.