LoanPerformance: Home Prices Down in 17 States

Property values in 17 states showed a 12-month decline in September, according to the latest LoanPerformance Home Price Index."However, most states continue to have stable home values, while states like Wyoming, Utah, and North Carolina show a moderate growth in prices," said Damien Weldon, vice president of collateral and prepayment analytics for the San Francisco-based First American LoanPerformance. The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,416 ZIP codes and 659 counties in all 50 states and the District of Columbia, the company said. 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.