LoanPerformance: Home Values Still Falling

Property values in key mortgage markets like California, Nevada, Florida, and Arizona continued to decline significantly in August, according to the latest LoanPerformance Home Price Index."Within these states, cities like Los Angeles, Las Vegas, Miami, and Phoenix are leading the market downwards," 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 7,376 ZIP codes and 655 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.