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According to CoreLogic’s Home Price Index, national priced fell 1.5 percent in August 2010 compared to August 2009, even though the prices increased by 0.6 percent in July 2010 compared to July 2009. Although, New York was one of the states with the highest appreciation, more three-fourths of the metropolitan areas around the country experienced declines.
With mortgage rates and housing prices falling, it is an excellent time for the consumers to invest and try to stimulate the economy.
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