Home Prices Decrease Once More

CoreLogic’s Home Price Index report shows that for the eighth straight month home values have decreased across the nation in most states. March 2011 data shows a 7.5% decrease in home values in a year over year comparison with March 2010 figures.

The states with the highest appreciation percentages, including the data for distressed sales, are West Virginia, North Dakota, New York, Alaska, and Maine. These states have maintained the highest in appreciation percentages for a second month in a row.

On the other hand, when including distressed sales, Idaho still ranks first with the highest depreciation rates at -13.3%. When the data for distressed sales is excluded, only Nevada home depreciation amounts (-8.9%) outranks Idaho (-8.8%). http://bit.ly/jbTP04

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