LoanPerformance: Home Prices Up in 31 States

Home prices in 31 states showed a 12-month increase in November, while key markets such as California, Florida, Nevada, and Arizona continued to experience home price depreciation, according to the latest LoanPerformance Home Price Index. Honolulu headed the index's list of top metropolitan areas and their 12-month home price changes, with a 17.1% increase. Salt Lake City ranked second with 10.5%, and San Antonio finished third at 7.5%. At the bottom of the list were Los Angeles-Long Beach-Santa Ana, with a 13.2% home price decline; San Diego-Carlsbad-San Marcos, with a 13.2% decline; and Riverside-San Bernardino-Ontario (Calif.), with a 16.8% decline. The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,462 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.