Index: Home Prices Down in Most ZIP Codes

Home prices in three quarters of the ZIP codes tracked by the LoanPerformance Home Price Index showed a three-month decline in December, according to The First American Corp. "Of the 7,472 ZIP codes tracked by the LoanPerformance HPI, home prices in 5,691 (76.16%) of these ZIP codes have decreased over the last three months," said Damien Weldon, vice president of collateral and prepayment analytics for the San Francisco-based First American LoanPerformance. "Year over year, however, just 4,028 (53.91%) of the ZIP codes we track indicate decreasing property values." The index incorporates more than 30 years of repeat sales transactions from the property database of its parent company, First American CoreLogic Inc. First American LoanPerformance can be found online at http://www.loanperformance.com.