Property Values Nationally Show Slight Dip — New York Real Estate

Property Values Nationally Show Slight Dip

by John Tayeb on October 27, 2010

national property values

Real estate analyst CoreLogic released a report that shows home prices, excluding distressed sales, declined 0.4 percent in August 2010 compared to a year earlier.

Including distressed transactions, the peak to current decline in the national home price index, from April 2006 to August 2010 is -28.2 percent. Excluding distressed properties, the peak-to-current change in the index is 19.6 percent.

Some 78 out of 100 metropolitan areas experienced price declines in August, up from 58 in July.

The five states with the highest appreciation in August, including distressed sales, were:

  • Maine, + 5.8 percent

  • New York, +3.7 percent

  • Connecticut, +2.5 percent

  • Virginia, +2.4 percent

  • South Dakota, +2.1 percent


The five states with the greatest depreciation in August, including distressed sales, were:

  • Idaho, -14 percent

  • Alabama, -10.4 percent

  • Utah, -7.3 percent

  • Oregon, -6.3 percent

  • Florida, – 6.2 percent


Excluding distressed sales, the five states with highest August appreciation were:

  • New York, +5 percent

  • South Dakota, +4 percent

  • Connecticut, +3.1 percent

  • North Dakota, +3 percent

  • Vermont, +2.7 percent


Excluding distressed sales, the five states with the greatest August depreciation were:

  • Idaho, – 11.3 percent

  • Michigan, -7.6 percent

  • Arizona, -6.5 percent

  • Nevada, -6.3 percent

  • Utah, -4.7 percent


Source: CoreLogic (10/25/2010)

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s