NY still defying national housing trends as home prices appreciate in September

Even as overall U.S. home prices declined year-over-year in September for the second straight month, New York was the state with the highest level of home price appreciation in the country, with a 2.67 percent increase, according to a new report from analytics firm CoreLogic. That figure includes sales of distressed homes; excluding distressed home sales, New York home prices rose by 3.82 percent in September, compared to September 2009. However, New York was one of just seven states to see home prices increase during that period, as the national housing market continues to struggle. According to the report, the country saw home prices depreciate by 2.79 percent in September, up from the 1.08 percent depreciation seen in August. TRD

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