The prices of Louisiana houses increased by 2.2 percent from April 2011 to April 2012, double the national average, according to business analytics firm CoreLogic.
However, if distressed sales were excluded, Louisiana home sale prices grew by 4.6 percent, the fourth-highest rate in the country, the report says. Distressed sales include short sales, in which the seller owes more on the mortgage than the house is worth, and properties that lenders have seized because the buyers couldn’t pay their loans.
According to CoreLogic, the April results mark the first time year-over-year home prices increased in consecutive months since June 2010.
The states where prices appreciated the most, including distressed properties, were Arizona, up 8.8 percent; the District of Columbia, 6.4 percent; Florida, 5.5 percent; and Montana and Utah, 5.4 percent.
Excluding distressed sales, the other states with the highest appreciation were: Utah, 5.3 percent; Idaho, 5.1 percent; Mississippi, 4.7 percent; and Arizona, 4.6 percent.