Home Price Index: U.S. prices up third consecutive month

CoreLogic’s Home Price Index indicates that home prices in the United States increased by .7 percent in June 2011 compared with May 2011 –– the third consecutive month-over-month increase.

Highlights as of June 2011

• Including distressed sales, the five states with the highest appreciation were: New York (+3.3 percent), the District of Columbia (+2.4 percent), North Dakota (+1.2 percent), Alaska (+0.1 percent) and Nebraska (+0.1 percent).
• Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.4 percent), Idaho (-12.3 percent), Arizona (-12.3 percent), Illinois (-12.2 percent) and Minnesota (-9.6 percent).
• Excluding distressed sales, the five states with the highest appreciation were: North Dakota (+5.9 percent), New York (+4.6 percent), West Virginia (+3.6 percent), Texas (+2.8 percent) and Vermont (+2.6 percent).
• Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.9 percent), Arizona (-8.0 percent), Mississippi (-7.3 percent), Minnesota (-6.8 percent) and Delaware (-6.7 percent).

For more information: www.corelogic.com/about-us/news/corelogic-home-price-index-shows-third-consecutive-month-over-month-increase.aspx

Photo courtesy: The Truth About Mortgage