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Home prices decline for fifth straight month

Home prices fell by more than 5 percent in December.

Home prices fell by more than 5 percent in December.

It continues to be a buyer's market for Americans planning on moving, as home prices declined for a fifth straight month, according to a survey.

CoreLogic released its home price index numbers for the month of December, and across the country, home prices fell by almost 5.5 percent in December 2010 compared to the same month in 2009.

While home values declined throughout 2010, the chief economist for CoreLogic said the rate of decline has slowed, which he sees as a positive sign.

"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," said chief economist Mark Fleming. "Excess supply continues to drive prices downward, but the silver lining is that the rate of decline is decelerating."

Fleming's optimistic view of the country's real estate vitality was apparent in the last week of January, according to a home data index released by Clear Capital earlier this month. It found that home values started to increase just as Jaunary was ending.