Last updated: August 24. 2013 8:14AM - 66 Views

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LIMAHome prices in Lima, including distressed sales, declined by 5.63 percent in December compared to a year ago, according to a report produced by Santa Ana, Calif.-based CoreLogic.The company’s December Home Price Index showed home prices in the national fell for the fifth consecutive month. Prices nationally declined by 5.46 percent.Annual data for 2010 shows home prices stabilized with the average annual home price index showing no change relative to 2009, the company said. The average annual home price index showed a 12.7 percent decline between 2008 and 2009.“It was a bumpy ride which ended with a net gain/loss of zero,” said Mark Fleming, chief economist with CoreLogic. “Despite the continued monthly decline in home prices and year-over-year depreciation, we’re encouraged that on an annual basis we’re unchanged relative to a year ago.”

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