CoreLogic’s Home Price Index (HPI) report for December gave the real estate industry a first look at overall home price changes that occurred in 2011. The report “shows that, including distressed sales, home prices in the U.S. decreased by 4.7 percent in 2011 compared with December 2010.” While the decline in home values as a nation in a year-over-year comparison seems grim, certain states experienced home price appreciation.
Taking first place as one of the states who had the highest appreciation was Montana. Including distressed property sales, Montana’s home appreciations were at +4.4%. When distressed property sales were excluded from the equation, Montana’s home appreciations were +7.7%. http://bit.ly/Aga0fp