Home prices nationwide remain 17.6 percent below peak values reached in April 2006, according to CoreLogic’s latest Home Price Index, reflecting November data. Home prices are about 13.3 percent below their peak when you exclude distressed sales, such as short sales and REOs.
However, 21 states as well as the District of Columbia are back to within 10 percent of their peak value.
What’s more, nine of them reached new price peaks in 2013, according to CoreLogic. Those are:
- Colorado
- District of Columbia
- Iowa
- North Dakota
- Oklahoma
- South Dakota
- Texas
- Vermont
- Wyoming
The five states furthest from their peak values are:
- Nevada: down 40.5% from its peak value
- Florida: -37.3%
- Arizona: -31.4%
- Rhode Island: -29.4%
- Illinois: -24.5%
Source: “Nine States Set New Price Peaks in 2013,” Mortgage News Daily (Jan. 7, 2014)
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