Industry NewsMarkets & Economy

Top 10 states for price gains, declines

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

National home prices posted annual gains for the second month in a row during April, although prices were lower in 24 of 50 states, according to a home-price index maintained by CoreLogic.

The home-price index showed home prices nationwide were up 2.6 percent from a year ago in April — a reflection of "the lingering effects of the homebuyer tax credit," said CoreLogic Chief Economist Mark Fleming in a statement.

"We expect that we will see home prices remain strong through early summer, but in the second half of the year we expect price growth to soften and possibly decline moderately."

Even with recent gains, the index showed national home prices down 29.5 percent from their April 2006 peak.

The 10 states with the greatest annual price appreciation during April were:

1. Hawaii (13.4 percent)
2. Massachusetts (7.4 percent)
3. California (7.3 percent)
4. Virginia (6.5 percent)
5. New Hampshire (5.2 percent)
6. Maine (4.8 percent)
7. Ohio (3.9 percent)
8. Missouri (3.8 percent)
9. Rhode Island (3.6 percent)
10. Nebraska (3.6 percent)

3 essential tools that will 10X your real estate marketing
Smart landing pages, a synchronized database and automation generate results READ MORE

The 10 states with the greatest annual price declines during April in CoreLogic’s home-price index were:

1. Idaho (-7.2 percent)
2. Illinois (-5.8 percent)
3. Nevada (-4.6 percent)
4. Maryland (-4.3 percent)
5. Washington (-3.7 percent)
6. Pennsylvania (-3.7 percent)
7. Mississippi (-3.7 percent)
8. Florida (-3.5 percent)
9. Alabama (-3.5 percent)
10. Oregon (-2.6 percent)


What’s your opinion? Leave your comments below or send a letter to the editor.