CoreLogic recently reported that home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.5 percent in June 2012 compared to June 2011, according to its June Home Price Index report. On a month-over-month basis, including distressed sales, home prices increased 1.3 percent in June 2012 compared with May 2012. The June 2012 figures mark the fourth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.
Excluding distressed sales, home prices nationwide increased 3.2 percent on a year-over-year basis in June 2012. On a month-over-month basis excluding distressed sales, home prices increased 2 percent, the fifth consecutive month-over-month increase. Distressed sales include short sales and REO transactions.
The five states with the largest peak-to-current declines including distressed transactions are Nevada (-57.1 percent), Florida (-45.3 percent), Arizona (-44.1 percent), California (-39.2 percent) and Michigan (-39.0 percent).