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
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur