June 24, 2009 | A real estate report by First American CoreLogic on home sales, price trends, and foreclosure activity |
Contact: Lori Guyton · (901) 277-6066 · lguyton@cvic.com
National Home Price Declines Slow To Lowest Level Year-To-Date; |
CBSA | 12 Month HPI Change % |
---|---|
Riverside-San Bernardino-Ontario CA | -29.62% |
Miami-Miami Beach-Kendall FL | -29.53% |
Las Vegas-Paradise NV | -27.73% |
Oakland-Fremont-Hayward CA | -27.47% |
Cape Coral-Fort Myers FL | -27.01% |
Fort Lauderdale-Pompano Beach-Deerfield Beach FL | -25.89% |
Orlando-Kissimmee FL | -23.37% |
Phoenix-Mesa-Scottsdale AZ | -22.92% |
Tampa-St. Petersburg-Clearwater FL | -20.68% |
Chicago-Naperville-Joliet IL | -19.87% |
Los Angeles-Long Beach-Glendale CA | -19.18% |
San Diego-Carlsbad-San Marcos CA | -14.32% |
Seattle-Bellevue-Everett WA | -13.99% |
Washington-Arlington-Alexandria DC-VA-MD-WV | -13.84% |
Minneapolis-St. Paul-Bloomington MN-WI | -13.59% |
San Francisco-San Mateo-Redwood City CA | -13.59% |
Portland-Vancouver-Beaverton OR-WA | -12.16% |
Honolulu HI | -12.04% |
Atlanta-Sandy Springs-Marietta GA | -10.92% |
New York-White Plains-Wayne NY-NJ | -10.35% |
St. Louis MO-IL | -10.29% |
Edison-New Brunswick NJ | -10.21% |
Cleveland-Elyria-Mentor OH | -10.11% |
Boston-Quincy MA | -8.35% |
Detroit-Livonia-Dearborn MI | -6.02% |
Philadelphia PA | -5.03% |
Salt Lake City UT | -4.79% |
Charlotte-Gastonia-Concord NC-SC | -3.82% |
Raleigh-Cary NC | -2.61% |
Denver-Aurora-Broomfield CO | -0.49% |
San Antonio TX | 1.39% |
Dallas-Plano-Irving TX | 1.90% |
Austin-Round Rock TX | 1.91% |
Houston-Sugar Land-Baytown TX | 3.65% |
Source: First American CoreLogic, LoanPerformance HPI, Single-Family Detached as of April, 2009.
LoanPerformance HPI State and National Ranking:
CBSA | 12 Month HPI Change % |
---|---|
National | -10.21% |
Nevada | -26.05% |
Florida | -23.15% |
California | -22.72% |
Arizona | -20.51% |
Illinois | -17.36% |
Rhode Island | -16.92% |
Minnesota | -13.57% |
Washington | -12.86% |
Maryland | -12.65% |
District of Columbia | -12.39% |
Ohio | -12.04% |
Oregon | -11.65% |
Connecticut | -11.40% |
Georgia | -10.83% |
Hawaii | -10.20% |
New Hampshire | -9.96% |
New Jersey | -9.80% |
Massachusetts | -9.49% |
Virginia | -9.37% |
Wisconsin | -7.23% |
Kentucky | -6.86% |
Michigan | -6.12% |
Alabama | -5.94% |
South Carolina | -5.81% |
Tennessee | -5.35% |
Vermont | -5.03% |
Oklahoma | -4.79% |
Utah | -4.41% |
Maine | -4.34% |
Pennsylvania | -4.28% |
Delaware | -3.18% |
Nebraska | -3.00% |
Iowa | -2.93% |
New Mexico | -2.43% |
Arkansas | -2.27% |
Colorado | -2.21% |
Idaho | -2.19% |
North Carolina | -1.76% |
Wyoming | -1.35% |
Montana | -0.62% |
Mississippi | -0.35% |
Missouri | -0.28% |
North Dakota | -0.06% |
Indiana | 0.08% |
Alaska | 0.32% |
Kansas | 0.84% |
Texas | 1.94% |
South Dakota | 1.96% |
Louisiana | 3.10% |
New York | 3.88% |
West Virginia | 5.27% |
* NY and WV state transaction counts are extremely low due to county level reporting lags. Significant downward revisions to the reported NY HPI data are expected as new county public record data is released. Source: First American CoreLogic, LoanPerformance HPI, Single-Family Detached as of April 2009.
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Methodology:
The First American CoreLogic LoanPerformance HPI incorporates more than 30 years worth of repeat sales transactions, representing more than 45 million observations sourced from First American CoreLogic's industry-leading property information database. LoanPerformance HPI provides a multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. nonconforming). The LoanPerformance HPI is a repeat-sales index that tracks increases and decreases in sales prices for the same homes over time, which provides a more accurate "constant-quality" view of pricing trends than basing analysis on all home sales. The LoanPerformance HPI provides the most comprehensive set of monthly home price indices and median sales prices available covering 7,649 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 676 counties located in all 50 states and the District of Columbia. Full-month October and through mid-month November 2008 state and top CBSA-level data can be found at www.facorelogic.com.
2009 First American CoreLogic, Inc.; All rights reserved.
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