Where Home Prices Are Falling Most: Read Here

 Read all about it: Like Dorothy’s house in the Wizard of OZ, homes prices on the West Coast are falling rapidly, so says the Web site efinance.com. In fact, the report states that ”home price correction is in full swing, according to a newly released home price index. Major cities in California, Florida, Nevada and Arizona have experienced severe double-digit price declines in the last 12 months and other U.S. cities aren’t far behind.”

Here are a few homes locally that have recently dropped their price tags:

23551 Belmar Dr. In Laguna Niguel: The list price was “$849,000″ and changed to “$790,000.” Home has 4 br/2 baths, 1,700+ sq. foot, single-family residence.

23481 Belmar Dr. In Laguna Niguel: The list price was “$524,900″ and changed to “$499,900.” Home has 4 br/2 baths, 1,400+ sq. foot, single-family residence.

34436 Camino El Molino  In Dana Point: The list price was “$1,099,000″ and changed to “$999,999.” Home has 3 br/3 baths, 3,000 sq. foot, two-level, single-family residence.