The document contains charts showing changes in home prices from 2000 to 2009 for 14 U.S. states based on a repeat sales model. The charts compare home price indices excluding real estate owned (REO) homes to indices including REO homes. In most states, home price indices declined from their peaks in the mid-2000s before beginning to recover in 2009. The inclusion of REO homes generally resulted in greater declines and slower recovery in home price indices.

1. California: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
280
260
240
Excluding REOs
220
Including REOs
200
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Florida: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
280
260
240
Excluding REOs
220
Including REOs
200
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

2. Ohio: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
130
125
120
Excluding REOs
115
110 Including REOs
105
100
95
90
85
80
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
New York: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
220
200
Excluding REOs
180
Including REOs
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

3. Michigan: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
140
130
120
Excluding REOs
110
Including REOs
100
90
80
70
60
50
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Illinois: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
170
160
150 Excluding REOs
Including REOs
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

4. North Carolina: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
140
135
130 Excluding REOs
125 Including REOs
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
New Jersey: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
240
220
200 Excluding REOs
Including REOs
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

5. Massachusetts: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
200
190
180
Excluding REOs
170
160 Including REOs
150
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Pennsylvania: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
200
190
180
Excluding REOs
170
160 Including REOs
150
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Georgia: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
135
130
Excluding REOs
125
Including REOs
120
115
110
105
100
95
90
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

6. Virginia: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
270
250
Excluding REOs
230
Including REOs
210
190
170
150
130
110
90
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Tennessee: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
150
140 Excluding REOs
Including REOs
130
120
110
100
90
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Wisconsin: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
170
160
Excluding REOs
150
Including REOs
140
130
120
110
100
90
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

7. Washington: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
210
190 Excluding REOs
Including REOs
170
150
130
110
90
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Minnesota: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
180
170
Excluding REOs
160
Including REOs
150
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Alabam a: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
160
150 Excluding REOs
Including REOs
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

8. Arizona: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
240
220 Excluding REOs
200 Including REOs
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Kentucky: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
140
135
Excluding REOs
130
Including REOs
125
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

9. Colorado: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
145
140
Excluding REOs
135
Including REOs
130
125
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Maryland: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
240
220 Excluding REOs
200 Including REOs
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
Source: LPS Applied Analytics 2009
Oklahom a: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
150
145
Excluding REOs
140
135 Including REOs
130
125
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

10. South Carolina: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
160
150 Excluding REOs
Including REOs
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Iow a: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
135
130 Excluding REOs
125 Including REOs
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Oregon: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
200
190
Excluding REOs
180
170 Including REOs
160
150
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

11. Connecticut: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
220
200 Excluding REOs
Including REOs
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Arkansas: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
150
145
Excluding REOs
140
135 Including REOs
130
125
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

12. Nebraska: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
135
130 Excluding REOs
125 Including REOs
120
115
110
105
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Nevada: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
240
220
Excluding REOs
200
Including REOs
180
160
140
120
100
80
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
New Ham pshire: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
220
200 Excluding REOs
Including REOs
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

13. Rhode Island: Changes in Hom e Prices Based on a Repeat Sales
Model
(Jan 2000=100)
260
240
Excluding REOs
220
Including REOs
200
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Haw aii: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
300
280
Excluding REOs
260
240 Including REOs
220
200
180
160
140
120
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics

14. Delaw are: Changes in Hom e Prices Based on a Repeat Sales Model
(Jan 2000=100)
200
190
Excluding REOs
180
170 Including REOs
160
150
140
130
120
110
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
Source: LPS Applied Analytics
District of Colum bia: Changes in Hom e Prices Based on a Repeat
Sales Model
(Jan 2000=100)
350
Excluding REOs
300
Including REOs
250
200
150
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: LPS Applied Analytics
Note: In some states, the data represents market activity in major metropolitan areas only.