Home Prices Drop Nationally, Louisville Holds Steady

According to a new report, Louisville home values showed a decrease of -1.88 percent compared to one year prior. I’ve seen other reports show -2.7 percent, but either way, that drop is relatively minor when compared to the rest of the nation.

The rate of national price declines peaked at -11.9 percent in January 2009 and has since been trending down: April’s rate is the lowest year to date and the May preview data suggests further improvements in the rate of decline, perhaps back to the single digits. [source]

LoanPerformance HPI Largest CBSAs Ranking:

CBSA 12 Month HPI Change %
Riverside-San Bernardino-Ontario CA -29.62%
Miami-Miami Beach-Kendall FL -29.53%
Las Vegas-Paradise NV -27.73%
Oakland-Fremont-Hayward CA -27.47%
Cape Coral-Fort Myers FL -27.01%
Fort Lauderdale-Pompano Beach-Deerfield Beach FL -25.89%
Orlando-Kissimmee FL -23.37%
Phoenix-Mesa-Scottsdale AZ -22.92%
Tampa-St. Petersburg-Clearwater FL -20.68%
Chicago-Naperville-Joliet IL -19.87%
Los Angeles-Long Beach-Glendale CA -19.18%
San Diego-Carlsbad-San Marcos CA -14.32%
Seattle-Bellevue-Everett WA -13.99%
Washington-Arlington-Alexandria DC-VA-MD-WV -13.84%
Minneapolis-St. Paul-Bloomington MN-WI -13.59%
San Francisco-San Mateo-Redwood City CA -13.59%
Portland-Vancouver-Beaverton OR-WA -12.16%
Honolulu HI -12.04%
Atlanta-Sandy Springs-Marietta GA -10.92%
New York-White Plains-Wayne NY-NJ -10.35%
St. Louis MO-IL -10.29%
Edison-New Brunswick NJ -10.21%
Cleveland-Elyria-Mentor OH -10.11%
Boston-Quincy MA -8.35%
Detroit-Livonia-Dearborn MI -6.02%
Philadelphia PA -5.03%
Salt Lake City UT -4.79%
Charlotte-Gastonia-Concord NC-SC -3.82%
Raleigh-Cary NC -2.61%
Denver-Aurora-Broomfield CO -0.49%
San Antonio TX 1.39%
Dallas-Plano-Irving TX 1.90%
Austin-Round Rock TX 1.91%
Houston-Sugar Land-Baytown TX 3.65%

Source: First American CoreLogic, LoanPerformance HPI, Single-Family Detached as of April, 2009.