Index: State’s home prices still plunging
ACROSS MISSISSIPPI — CoreLogic has released its November Home Price Index (HPI), which shows that home prices in the U.S. declined for the fourth month in a row. And Mississippi is near the top of the ranking.
According to the CoreLogic HPI, national home prices, including distressed sales, declined by 5.07 percent in Nov. 2010 compared to Nov. 2009 and declined by 3.35 percent in Oct. 2010 compared to Oct. 2009.
Excluding distressed sales, year-over-year prices declined by 2.21 percent in Nov. 2010 compared to Nov. 2009 and declined by 2.24 in Oct. 2010 compared to Oct. 2009. Distressed sales include short sales and real estate owned (REO) transactions.
Including distressed sales, the five states with the greatest depreciation were: Idaho (-13.56 percent), Alabama (-11.18 percent), Arizona (-10.38 percent), Oregon (-9.26 percent) and Mississippi (-8.37 percent).
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Kemper plant employee gag order continued
- 2014 a good year for filmmaking in Mississippi
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- Ex-prison boss and businessman admit to bribery scheme
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- ASA postmortem: industrial recruiting is a constant cycle of death and life