Tampa home prices fall, but some hope exists

Home prices in the Tampa-St. Petersburg-Clearwater market dropped nearly 21 percent in June compared to a year ago but are showing slight improvement over the month before. A new study from First American CoreLogic showed home prices were down 20.8 percent in June year-over-year compared to a 21.2 percent decline in May. At the same time, home prices seem to be improving compared to January in the region, up 3.3 percent, the first time in four years that the spring and summer seasonal price trend has exhibited what CoreLogic has called a “normal pattern.”

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