from my friend Phil Gerbode:
http://vermontchoicerealestate.com/Vermont saw the single largest appreciation in home values in November of
any state and was one of only nine states to see an increase over the last
12 months. CoreLogic (NYSE: CLGX), a leading provider of information,
analytics and business services, today released its November Home Price
Index (HPIR) report, the most timely and comprehensive source of home prices
available today, which shows that home prices in the US decreased 1.4
percent on a month-over-month basis, the fourth consecutive monthly decline.
According to the CoreLogic HPI, national home prices, including distressed
sales, also declined by 4.3 percent on a year-over-year basis in November
2011 compared to November 2010. This follows a decline of 3.7 percent* in
October 2011 compared to October 2010. Excluding distressed sales,
year-over-year prices declined by 0.6 percent in November 2011 compared to
November 2010 and by 1.6* percent in October 2011 compared to October 2010.
Distressed sales include short sales and real estate owned (REO)
transactions.
"With one month of data left to report, it appears that the healthy,
non-distressed market will be very modestly down in 2011. Distressed sales
continue to put downward pressure on prices, and is a factor that must be
addressed in 2012 for a housing recovery to become a reality," said Mark
Fleming, chief economist for CoreLogic.
Highlights as of November 2011
.. Including distressed sales, the five states with the highest
appreciation were: Vermont (+4.3 percent), South Carolina (+2.8 percent),
District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York
(+1.7 percent).
.. Including distressed sales, the five states with the greatest
depreciation were: Nevada (-11.2 percent), Illinois (-9.7 percent),
Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent).
