New York home prices show gains, despite nationwide depreciation

New York state saw one of the nation’s largest increases in home values in December, according to CoreLogic’s monthly home price index report. Including distressed sales, New York experienced the fourth-largest appreciation in home prices, climbing 1.66 percent in December 2010, compared to the same month a year earlier. North Dakota saw the largest gain, with a 5.53 percent year-over-year bump, while Hawaii saw the second-biggest jump, 3.79 percent. New York’s momentum runs counter to nationwide trends, however: overall U.S. home prices declined for the fifth consecutive month, according to the report, down 5.46 percent year-over-year. TRD