Home prices in September fell in 17 states from a year earlier but increased in Wyoming, Utah, and North Carolina, according to First American LoanPerformance, a San Francisco unit of First American Corp. of Santa Ana, Calif.
Damien Weldon, the vice president of collateral and prepayment analytics for First American LoanPerformance, said in a press release issued Monday that "year-over-year rates of decline in residential property values vary significantly across the country. For example, Las Vegas is enduring its 12th straight month of decline, while New York has been in decline for just the past two months."
Among the 956 metropolitan areas his unit tracked, the biggest declines were in the Riverside-San Bernardino-Ontario area of California (13.59%), the Cape Coral-Fort Myers area of Florida (11.49%) and the Las Vegas-Paradise area of Nevada (9.8%).
The biggest gains were in Honolulu (14.79%), Salt Lake City (6.06%), and the Raleigh-Cary area of North Carolina (5.55%).