Home prices decreased 4.7 percent in 2011
Thursday, February 9, 2012 | Comments Off
CoreLogic’s December Home Price Index (HPI®) report shows that, including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. The year-end report shows that home prices continued the trend of year-end decreases. 2011 was the fifth consecutive year with a decrease in the HPI. The HPI, excluding distressed sales, shows that home prices decreased by 0.9 percent in 2011, giving an indication of the impact of distressed sales on home prices in 2011.
The five states with the largest peak-to-current declines including distressed transactions are Nevada (-60.0 percent), Arizona (-51.9 percent), Florida (-50 percent), Michigan (-43.7 percent), and California (-43.5 percent).
