As reported in the OC Register, 10/25/10

According to CoreLogic, California still ranks among the nation’s hottest housing markets, but its position continues to slip.

In the real estate data firm’s latest survey, California had the nation’s sixth-highest house appreciation rate among U.S. states for the year ending in August.

Home prices in California increased 2% from August 2009 through August 2010 (and was up 1.6% when distressed house sales are removed from the mix), CoreLogic reported. For the year ending in May, home prices in the state had increased 7.9%.

According to CoreLogic, the five best states for price appreciation in the year ending in August were:

  1. Maine: Up 5.8%
  2. New York: Up 3.7%
  3. Connecticut: Up 2.5%
  4. Virginia: Up 2.4%
  5. South Dakota: Up 2.1%

The worst states? Idaho (-14%); Alabama (-10.4%); Utah (-7.3%); Oregon (-6.3%); and Florida (-6.2%).

Prices dropped nationally 1.5% in a year for all deals and were down 0.4% minus distressed deals. This was the first monthly report this year showing a decline in nationwide single-family home prices.

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