Q4 home prices fall in 76% of U.S. ZIP codes tracked
Home prices fell during the fourth quarter in 76 percent of the 7,472 ZIP
codes tracked by mortgage data aggregator First American CoreLogic.
While just over half of ZIP codes nationwide saw prices decline for the year,
trends varied widely by state. For the year, prices fell in 98 percent of
California ZIP codes, compared to 51 percent in New York, First American said in
announcing
the release of the December 2007 LoanPerformance Home Price Index.
During the fourth quarter, prices declined in 30 of the top 34 markets
tracked by the index, and all but 10 of those markets saw year-over-year price
declines, the index showed.
The LoanPerformance Home Price Index is based on repeat transactions and
relies on more than 45 million observations in First American CoreLogic's
property information database.
Quarterly price changes in top
markets
|
Core-based statistical area
(CBSA) |
3-month change,
percent |
1-year change,
percent |
|
Austin-Round Rock,
Texas |
0.91 |
8.09
|
|
New York-White
Plains-Wayne,
NY-NJ |
0.61 |
-0.35
|
|
San Antonio, Texas |
0.12 |
6.82
|
|
Houston-Sugar
Land-Baytown, Texas |
0.00
|
3.70 |
|
Salt Lake City, Utah |
-0.03 |
9.07
|
|
Dallas-Ft.
Worth-Arlington, Texas |
-0.06 |
3.21 |
|
NY-Northern NJ-Long
Island, NY-NJ-PA |
-0.18 |
-2.06
|
|
Cape Coral-Ft. Myers, Fla. |
-0.75 |
-13.74
|
|
Detroit-Warren-Livonia, Mich. |
-1.15 |
-0.26
|
|
Honolulu, Hawaii |
-1.25 |
13.81
|
|
Boston-Quincy, Mass. |
-1.49 |
-4.54
|
|
Philadelphia, Penn. |
-1.67 |
0.13
|
|
Portland-Vancouver-Beaverton,
Ore.-Wash. |
-1.96 |
1.47
|
|
Raleigh-Cary, N.C. |
-2.38 |
3.61
|
|
Atlanta-Sandy
Springs-Marietta, Ga. |
-2.42 |
-1.75
|
|
Chicago-Naperville-Joliet, Ill.-Ind.-Wis. |
-2.82 |
-3.19
|
|
Charlotte-Gastonia-Concord, N.C.-S.C. |
-2.87 |
3.10
|
|
Seattle-Tacoma-Bellevue, Wash. |
-3.59 |
-0.02
|
|
Denver-Aurora, Colo. |
-3.76 |
-3.83
|
|
Minneapolis-St.
Paul-Bloomington, Minn.-Wis. |
-4.26 |
-5.86
|
|
Washington
D.C.-Arlington-Alexandria Va.-Md.-W.V. |
-4.67 |
-8.42
|
|
Las Vegas-Paradise,
Nev. |
-4.80 |
-13.43
|
|
Miami-Miami
Beach-Kendall, Fla. |
-5.24 |
-9.83
|
|
Tampa-St. Petersburg-Clearwater,
Fla. |
-5.31 |
-11.18
|
|
Miami-Ft. Lauderdale-Miami Beach,
Fla. |
-5.44 |
-13.26
|
|
San Francisco-San Mateo-Redwood City,
Calif. |
-5.49 |
-5.66
|
|
San
Diego-Carlsbad-San Marcos, Calif. |
-5.53 |
-14.19
|
|
Riverside-San
Bernardino-Ontario, Calif. |
-5.69 |
-18.18
|
|
Orlando-Kissimmee, Fla. |
-5.72 |
-13.12
|
|
Phoenix-Mesa-Scottsdale, Ariz. |
-6.02
|
-12.71
|
|
Oakland-Fremont-Hayward, Calif. |
-6.33 |
-14.10
|
|
St. Louis, Mo.-Ill. |
-6.52 |
-3.98
|
|
L.A.-Long
Beach-Santa Ana, Calif. |
-6.55 |
-14.71
|
|
Cleveland-Elyria-Mentor, Ohio |
-7.51 |
-9.74 |
Source:
LoanPerformance HPI, Single Family Detached Series as of December 2007.
|
