From First American CoreLogic:
National resale housing prices fell 11.6 percent in January from a year ago. Home prices have declined by at least 10 percent on a year-over-year basis for 11 consecutive months and February preview data indicates the trend will continue.
The number of metropolitan markets experiencing price declines was, by far, the highest level tracked by the LoanPerformance HPI. As of January 2009, more than 700, or nearly three-quarters, of all metropolitan markets were experiencing home price depreciation, up from 254 markets experiencing depreciation in December 2007 and 394 in June 2008.
LoanPerformance HPI Largest CBSAs Ranking:
CBSA 12 Month HPI Change %
Edison-New Brunswick NJ -9.34%
New York-White Plains-Wayne NY-NJ -8.46%
LoanPerformance HPI State and National Ranking:
STATE 12 Month HPI Change %
New Jersey -9.31%