Index: State’s home prices still plunging

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Published: January 11,2011

Tags: economy, home prices, housing, real estate

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).

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