First American LoanPerformance, a part of The First American Corp. family of companies, released its October 2007 LoanPerformance Home Price Index Thursday, which says 21 states have experienced negative home price appreciation within the past 12 months.

The data is compiled based on the analysis of monthly home price indices and median sales prices, which are pulled from 7,451 zip codes and 956 core based statistical areas.
“The real estate market continues to exhibit ongoing declines in key residential property markets,” Damien Weldon, vice president of collateral and prepayment analytics for First American LoanPerformance said. He added that, “The overall picture continues to be mixed, however. Some states, such as New York and Vermont for example, actually show an increase in year-over-year home price appreciation compared with last month’s LoanPerformance HPI release.”
To learn more about how each state is doing when it comes to home prices, you can visit%{=text-decoration: underline;} %“http://www.loanperformance.com/assets/images/pr1207_image_lg_ch.jpg”:http://www.loanperformance.com/assets/images/pr1207_image_lg_ch.jpg.