Integrated Asset Services today released its latest IAS360 House Price Index, which showed that declines in house prices correlated to unemployment claims.

Of the four U.S. Census regions, IAS reported the Midwest region falling the most in March, with a 2.5% drop. At the same time, the Labor of Bureau Statistics reported the region registered the highest number of initial unemployment claims (81,957) for the same period.

Among the other regions, house prices fell 1.3% in the South, 0.8% in the West, and remained unchanged in the Northeast, which also reported the smallest number of initial jobless claims.

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