A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in September 4.4 percent from the year before and declined by 1.1 percent from the month before marking the second consecutive monthly decline in home prices.
Highlights from the report for September 2011:
- Including distressed sales, the five states with the highest appreciation were: West Virginia (+7.0 percent), Wyoming (+3.8 percent), South Dakota (+3.6 percent), Maine (+3.5 percent), and North Dakota (+3.1 percent).
- Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.4 percent), Illinois (-9.2 percent), Arizona (-9.0 percent), Minnesota (-8.3 percent), and Georgia (-7.2 percent).
- Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+13.2 percent), Maine (+5.8 percent), Wyoming (+4.8 percent), Montana (+4.4 percent), and Kansas (+3.9 percent).
- Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.6 percent), Arizona (-7.7 percent), Minnesota (-5.9 percent), Michigan (-4.8 percent), and Delaware (-3.7 percent).
- Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to September 2011) was -31.2 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.9 percent.
- Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 82 are showing year-over-year declines in September, the same as in August.
