Property Values Nationally Show Slight Dip
Real estate analyst CoreLogic released a report that shows home prices, excluding distressed sales, declined 0.4 percent in August 2010 compared to a year earlier.

Including distressed transactions, the peak to current decline in the national home price index, from April 2006 to August 2010 is -28.2 percent. Excluding distressed properties, the peak-to-current change in the index is 19.6 percent.

Some 78 out of 100 metropolitan areas experienced price declines in August, up from 58 in July.

The five states with the highest appreciation in August, including distressed sales, were:

· Maine, + 5.8 percent
· New York, +3.7 percent
· Connecticut, +2.5 percent
· Virginia, +2.4 percent
· South Dakota, +2.1 percent

The five states with the greatest depreciation in August, including distressed sales, were:

· Idaho, -14 percent
· Alabama, -10.4 percent
· Utah, -7.3 percent
· Oregon, -6.3 percent
· Florida, - 6.2 percent

Excluding distressed sales, the five states with highest August appreciation were:

· New York, +5 percent
· South Dakota, +4 percent
· Connecticut, +3.1 percent
· North Dakota, +3 percent
· Vermont, +2.7 percent

Excluding distressed sales, the five states with the greatest August depreciation were:

· Idaho, - 11.3 percent
· Michigan, -7.6 percent
· Arizona, -6.5 percent
· Nevada, -6.3 percent
· Utah, -4.7 percent

Source: CoreLogic (10/25/2010)