The housing slowdown hadn’t produced annual price declines in 31 states as of last November, according to the latest home-price index from First American CoreLogic.

States like California, Florida, Nevada and Arizona — where prices shot up during the housing boom — and 15 other states saw prices slide from November 2006 levels. But prices were up in a majority of states — at least when looking back at the previous 12 months.

First American CoreLogic’s LoanPerformance Home Price Index (HPI) includes data on repeat sales through mid-December. But the company did not make those statistics available in a press release, or provide quarterly data that would indicate more recent trends.

According to a government index that excludes transactions involving homes with mortgages above the $417,000 conforming loan limit, home prices fell in 21 states during the third quarter, leading to the first quarterly decline in average U.S. home prices in 13 years (see Inman News story.)

That report, from the Office of Federal Housing Enterprise Oversight (OFHEO), showed year-over-year price declines in an increasing number of markets during the third quarter — 89, compared with 67 in the second quarter, according to an analysis by PMI Mortgage Insurance Co.

PMI’s analysis concluded that the odds of price declines during the next two years increased in all but 11 of the nation’s 50 largest housing markets.

LoanPerformance HPI*

Source: First American CoreLogic

*First American CoreLogic’s LoanPerformance Home Price Index is based on home-price indices and median sales prices covering 7,462 ZIP codes, 956 Core Based Statistical Areas (CBSA), and 662 counties in all 50 states and the District of Columbia.

***

Send tips or a Letter to the Editor to matt@inman.com, or call (510) 658-9252, ext. 150.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription