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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Drew Brees settles lawsuit alleging investment fraud
- Doctor convicted of using phony church for tax shelter
- Cochran's legal counsel asks Court to toss McDaniel's lawsuit
- Williams-Sonoma expanding, adding nearly 1,000 jobs
- Ex-Delta mayor indicted, accused of stealing city property
- Biloxi baseball project still alive but may be held for 2015
- More than half-dozen groups file charter school applications
- Travis retiring as head of Mississippi World Trade Center
- State Rep. Patterson switches from Democrats to GOP