CoreLogic, a leading provider of information, analytics and business services, today released its June Home Price Index (HPI) which shows that home prices in the U.S. increased by 0.7 percent inJune 2011compared toMay 2011, the third consecutive month-over-month increase. According to CoreLogic, national home prices, including distressed sales, declined by 6.8 percent inJune 2011compared toJune 2010after declining by 6.7 percent* inMay 2011compared toMay 2010. Excluding distressed sales, year-over-year prices declined by 1.1 percent inJune 2011compared toJune 2010and by 2.1* percent inMay 2011compared toMay 2010. Distressed sales include short sales and real estate owned (REO) transactions.

"While there is a consistent and sustained seasonal improvement in prices over the last three months, prices are lower than a year ago due to the decline in prices after the expiration of the tax credit last year.The difference between the overall HPI and our index excluding distressed sales indicates that the price declines are more concentrated in the distressed sales market," saidMark Fleming, chief economist for CoreLogic.

Highlights as ofJune 2011

• Including distressed sales, the five states with the highest appreciation were: New York (+3.3 percent), theDistrict of Columbia(+2.4 percent),North Dakota(+1.2 percent),Alaska(+0.1 percent) andNebraska(+0.1 percent).
• Including distressed sales, the five states with the greatest depreciation were:Nevada(-12.4 percent),Idaho(-12.3 percent),Arizona(-12.3 percent),Illinois(-12.2 percent) andMinnesota(-9.6 percent).
• Excluding distressed sales, the five states with the highest appreciation were:North Dakota(+5.9 percent),New York(+4.6 percent),West Virginia(+3.6 percent),Texas(+2.8 percent) andVermont(+2.6 percent).
• Excluding distressed sales, the five states with the greatest depreciation were:Nevada(-9.9 percent),Arizona(-8.0 percent),Mississippi(-7.3 percent),Minnesota(-6.8 percent) andDelaware(-6.7 percent).
• Including distressed transactions, the peak-to-current change in the national HPI (fromApril 2006toJune 2011) was -31.7 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.4 percent.
• Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 86 are showing year-over-year declines in June, five less than May.