CoreLogic® October Home Price Index Shows Third Consecutive Month-Over-Month Decline

-- Year-Over-Year Index Also Down With Prices Showing a 3.9 Percent Decline­ --

SANTA ANA, Calif., Dec. 6, 2011 — (PRNewswire) — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its October Home Price Index (HPI®) which shows that home prices in the U.S. decreased 1.3 percent on a month-over-month basis, the third consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined by 3.9 percent on a year-over-year basis in October 2011 compared to October 2010.  This follows a decline of 3.8 percent* in September 2011 compared to September 2010.  Excluding distressed sales, year-over-year prices declined by 0.5 percent in October 2011 compared to October 2010 and by 2.1* percent in September 2011 compared to September 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/50009/

(Logo: http://photos.prnewswire.com/prnh/20111206/MM16361LOGO)

"Home prices continue to decline in response to the weak demand for housing. While many housing statistics are basically moving sideways, prices continue to correct for a supply and demand imbalance. Looking forward, our forecasts indicate flat growth through 2013," said Mark Fleming, chief economist for CoreLogic.

Highlights as of October 2011

  • Including distressed sales, the five states with the highest appreciation were:  West Virginia (+4.8 percent), South Dakota (+3.1 percent), New York (+3.0 percent), District of Columbia (+2.4 percent) and Alaska (+2.1 percent).
  • Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.1 percent), Illinois (-9.4 percent), Arizona (-8.1 percent), Minnesota (-7.9 percent) and Georgia (-7.3 percent).
  • Excluding distressed sales, the five states with the highest appreciation were: South Carolina (+4.6 percent), Maine (+3.1 percent), New York (+3.1 percent), Alaska (+2.9 percent) and Kansas (+2.8 percent).
  • Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-8.8 percent), Arizona (-7.0 percent), Minnesota (-5.7 percent), Delaware (-3.9 percent) and Georgia (-3.6 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to October 2011) was -32.0 percent.  Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -22.4 percent. 
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 78 are showing year-over-year declines in October, two fewer than in September. 

Full-month October 2011 national, state-level and top CBSA-level data can be found at http://www.corelogic.com/HPIOctober2011.

*September 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.  

October HPI for the Country's Largest CBSAs by Population:

 

October 2011 12-Month HPI

CBSA

Change by CBSA

 

Single Family

 

Single Family 
Excluding
Distressed

Chicago-Joliet-Naperville, IL

-9.9%

-1.3%

Atlanta-Sandy Springs-Marietta, GA

-7.9%

-3.9%

Phoenix-Mesa-Glendale, AZ

-6.7%

-6.3%

Los Angeles-Long Beach-Glendale, CA

-5.8%

0.8%

Riverside-San Bernardino-Ontario, CA

-5.7%

-3.5%

Houston-Sugar Land-Baytown, TX

-4.0%

0.4%

Dallas-Plano-Irving, TX

-0.2%

3.4%

Philadelphia, PA

0.7%

1.6%

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

1.3%

2.9%

New York-White Plains-Wayne, NY-NJ

2.6%

3.6%



1 | 2 | 3  Next Page »



Review Article Be the first to review this article

Airbus

Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
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
GMP Compliance for Quality Control Laboratories 2016 at Andheri Kurla Road, Sahar Village, Andheri-Kurla Road, Mumbai, Maharashtra 40005 Mumbai, Maharashtra India - Jan 23 - 24, 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