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Home Prices Turn Negative in Three States

Tuesday, February 3, 2015

The uninterrupted streak of annual nationwide price increases was extended to 34 months in December CoreLogic said today.  The company's Home Price Index (HPI) that includes sales of distressed properties (short sales and lender owned real estate (REO) was up 5 percent compared to December 2013.  There were signs of weakness however as three states showed a deterioration in year-over-year prices and the national index including distressed sales dipped 0.1 percent compared to November.

Twenty-seven states and the District of Columbia have seen prices climb back to within 10 percent of their pre-housing crisis peak but annual sales including distressed properties fell in December by 2.2 percent in Connecticut, 0.9 percent in Vermont, and 0.7 percent in Maryland.

 

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