LoanPerformance: Home Prices Off in 21 States

Home prices in 21 states showed a 12-month decline in October, according to the latest LoanPerformance Home Price Index."The overall picture continues to be mixed, however," said Damien Weldon, vice president of collateral and prepayment analytics for the San Francisco-based First American LoanPerformance. "Some states such as New York and Vermont, for example, actually show an increase in year-over-year home price appreciation compared to last month's LoanPerformance HPI release." The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,451 ZIP codes and 662 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.