CoreLogic® September Home Price Index Shows Second Consecutive Month-Over-Month and Year-Over-Year Decline

- Prices Are 4.1 Percent Lower Than a Year Ago -

SANTA ANA, Calif., Nov. 7, 2011 — (PRNewswire) — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its September Home Price Index (HPI®) which shows that home prices in the U.S. decreased 1.1 percent on a month-over-month basis, the second consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined by 4.1 percent in September 2011 compared to September 2010.  This follows a decline of 4.4 percent* in August 2011 compared to August 2010.  Excluding distressed sales, year-over-year prices declined by 1.1 percent in September 2011 compared to September 2010 and by 2.2* percent in August 2011 compared to August 2010.  Distressed sales include short sales and real estate owned (REO) transactions.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/corelogic/50007/

"Even with low interest rates, demand for houses remains muted. Home sales are down in September and the inventory of homes for sale remains elevated. Home prices are adjusting to correct for the supply-demand imbalance and we expect declines to continue through the winter. Distressed sales remain a significant share of homes that do sell and are driving home prices overall," said Mark Fleming, chief economist for CoreLogic.

Highlights as of September 2011

  • Including distressed sales, the five states with the highest appreciation were:  West Virginia (+7.0 percent), Wyoming (+3.8 percent), South Dakota (+3.6 percent), Maine (+3.5 percent), and North Dakota (+3.1 percent).
  • Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.4 percent), Illinois (-9.2 percent), Arizona (-9.0 percent), Minnesota (-8.3 percent), and Georgia (-7.2 percent).
  • Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+13.2 percent), Maine (+5.8 percent), Wyoming (+4.8 percent), Montana (+4.4 percent), and Kansas (+3.9 percent).
  • Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.6 percent), Arizona (-7.7 percent), Minnesota (-5.9 percent), Michigan (-4.8 percent), and Delaware (-3.7 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to September 2011) was -31.2 percent.  Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.9 percent.  
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 82 are showing year-over-year declines in September, the same as in August.  

Full-month September 2011 national, state-level and top CBSA-level data can be found at http://www.corelogic.com/HPISeptember2011.

*August data was revised.  Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.  

September HPI for the Country's Largest Core Based Statistical Areas (CBSAs) by Population:



September 2011 12-Month HPI

CBSA

Change by CBSA


Single Family

Single Family  Excluding Distressed

Chicago-Joliet-Naperville, IL

-9.7%

-1.9%

Phoenix-Mesa-Glendale, AZ

-8.0%

-7.1%

Atlanta-Sandy Springs-Marietta, GA

-7.8%

-3.9%

Riverside-San Bernardino-Ontario, CA

-6.3%

-4.0%

Los Angeles-Long Beach-Glendale, CA

-5.8%

0.2%

Houston-Sugar Land-Baytown, TX

-4.3%

0.9%

Philadelphia, PA

-0.3%

-0.4%

Dallas-Plano-Irving, TX

-0.1%

2.8%

Washington-Arlington-Alexandria, DC-VA-MD-WV

1.0%

2.3%

New York-White Plains-Wayne, NY-NJ

2.2%

2.9%





1 | 2 | 3  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy