by Calculated Risk on 10/19/2007 10:52:00 AM

Yeah, another house price index, but this one has a cool map.

From First American: LoanPerformance Releases August House Price Index

Click on graph for larger image.

SAN FRANCISCO, Oct. 18, 2007–First American LoanPerformance ... today announced the release of its August 2007 LoanPerformance Home Price Index (HPI).

The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,376 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 655 counties in all 50 states and the District of Columbia....

"This latest home price index confirms that property values in key mortgage markets like California, Nevada, Florida, and Arizona continue to exhibit on-going declines,” said Damien Weldon, vice president of collateral and prepayment analytics for First American LoanPerformance.

“Within these States, cities like Los Angeles, Las Vegas, Miami and Phoenix are leading the market downwards. At the ZIP code level, the picture is often much bleaker because there are individual ZIP codes that are down nearly 20 percent compared to last year,” added Weldon.

I doubt any states have really seen price increases over the last 12 months.