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Washington-area home prices drop in February

By Rachel Baye
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Home prices in the Washington area slumped in February, dropping 2.3 percent from a year earlier, according to data released Tuesday.

Prices have been dropping since October, the S&P/Case Shiller Home Price Index shows, though the Washington market has fared better than the national average, which dropped 3.5 percent from February 2011 to February 2012.

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Local News Maryland Rachel Baye Virginia Washington D.C.