Business

Home prices declines continue to shrink

WICHITA _ Average home prices in Wichita in December fell 1.38 percent from December 2008, according to First American Core Logic.

That's a smaller decline than November's 1.9 percent drop.

That echoes a similar trend nationally, something First American indicates the U.S. is past the worst of the housing crisis.

But, it said, year-over-year price declines will continue into the spring.

The company forecasts that that Wichita home prices will decline another 1.8 percent over the next 12 months.

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