Area homes appreciate - KWWL - Eastern Iowa Breaking News, Weather, Closings

Area homes appreciate

Waterloo (KWWL) - National home prices decline to 2004 levels, but Cedar Valley home prices increase.

American Corelogic finds that February national housing prices fell about 12% from a year ago and have declined for 24 consecutive months. In Waterloo-Cedar Falls, home prices have increased almost 1.5% compared to a year ago.

Corelogis finds that the largest declines have already taken place, but it expects home prices to continue to decline into 2010.

Online Producer: Maria Magner

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