Dennis Norman
According to a report issued today by CoreLogic, home prices in St. Louis increased in June by 1.4 percent over June 2009. This ends the four-month streak of increasing year-over-year home prices which for May was 3.49 percent.
If you take distressed home sales out of the picture, then home prices in June were up 0.95 percent from a year ago compared with May which was up 1.55 percent from a year ago.
National Highlights as of June 2010
- The top five states with the highest appreciation in June, including distressed sales, were: South Dakota (+6.9 percent), Maine (+6.4 percent), California (+5.9 percent), Virginia (+4.7 percent), and District of Columbia (+4.3 percent).
- The top five states with the greatest depreciation in June, including distressed sales, were Idaho (-9.1 percent), Alabama (-3.8 percent), Oregon (-3.5 percent), Washington (-3.4 percent) and New Mexico (-3.2 percent).
- Excluding distressed sales, the top five states with the highest appreciation in June were: District of Columbia (+6.3 percent), South Dakota (+6.3 percent), California (+4.4 percent), Mississippi (+3.9 percent), and Maine (+2.7 percent).
- Excluding distressed sales, the top five states with the greatest depreciation in June were: Nevada (-6.8 percent), Arizona (-5.8 percent), Michigan (-4.8 percent), New Mexico (-4.0 percent) and Oregon (-3.4 percent).
- Including distressed transactions, the peak-to-current change in home prices in the U.S. (from April 2006 to June 2010) is -28.0 percent. Excluding distressed properties, the peak-to-current change for the same period is -20.0 percent.
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