U.S. House Price Index Report - 2Q 2011 / June 2011

Published: 08/24/2011

Significant Findings:

The seasonally adjusted purchase-only HPI declined from the first quarter to the second quarter in 31 states.
Of the nine census divisions, the New England and West South Central divisions experienced the strongest price gains in the latest quarter, with both posting 0.7 percent price increases. Prices were weakest in the Mountain census division, where prices fell 2.3 percent.
As measured with purchase-only indexes for the 25 most populated metropolitan areas in the U.S., four-quarter price declines were greatest in the Atlanta-Sandy Springs-Marietta, GA area. That area saw price declines of 14.1 percent over the last four quarters.
Prices held up best in Pittsburgh, PA, where prices rose 3.7 percent over the last four quarters.