January 12, 2011 - Buyers hoping their new homes appreciate in value are best off loading their moving trucks and heading to Maine or North Dakota, according to a new report.

The two states again enjoyed some of the nation's most stable price growth, according to the latest home price report from CoreLogic. The research firm reported that Maine home prices including the sale of distressed properties increased by 8.58 percent in November from the previous month, a rate of growth which led the nation. North Dakota closely followed, with prices up 4.41 percent from the previous month.

On the other hand, buyers moving to Idaho found heavily discounted prices, as that state reported value depreciation of 13.56 percent. Nationally, home prices were down 3.35 percent from October and 5.07 percent from the previous year.

"We're continuing to see the influence of seasonal declines that typically depress home prices during the latter part of the year, but the fact that the rate of decline increased for November is indicative of the uphill battle we're facing with the housing recovery," said Mark Fleming, chief economist for CoreLogic.

It was the fourth straight month of declining home prices, according to CoreLogic, which last month showed that buyers unpacking their moving boxes in North Dakota bought homes that were worth 4.61 percent more in October compared to the previous month.
 

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