House price depreciation moderated across the country during the first quarter 2009, falling at a 2.2% annualized pace compared with 12.5% rate of decline in the fourth quarter 2008, according to the first-quarter 2009 update of House Prices in America, the U.S. housing valuation analysis from IHS Global Insight, the world's leading company for economic and financial analysis and forecasting. Nationally, house prices have fallen 10.4% below their 2007 peak.
