Welcome!




Expand Your Education with These Courses from
Effective Presentation Skills for Sales Professionals: Skills for Sales Success: Part Five.
Customer Relationship Building: Skills for Sales Success: Part Seven.
BPOs: The Agent's Role in the Valuation Process.
Bundle 2: CIPS Elective Courses (US Version).
Bundle 3: CIPS Institute (US Version).

CoreLogic Home Price Index Shows Decline for Fourth Straight Month

Have a comment on this article? Share on Facebook!

RISMEDIA, January 12, 2011—CoreLogic, a leading provider of information, analytics and business services released its November 2010 Home Price Index (HPI) which shows that home prices in the U.S. declined for the fourth month in a row. According to the CoreLogic HPI, national home prices—including distressed sales—declined by 5.07% in November 2010 compared to November 2009 and declined by 3.35%* in October 2010 compared to October 2009. Excluding distressed sales, year-over-year prices declined by 2.21% in November 2010 compared to November 2009 and declined by 2.24%* in October 2010 compared to October 2009. Distressed sales include short sales and real estate owned (REO) transactions.

Highlights as of November 2010:

-Including distressed sales, the five states with the highest appreciation were: Maine (+8.58%), North Dakota (+4.41%), Wyoming (+3.67%), New York (+2.07%) and Vermont (+1.78%).

-Including distressed sales, the five states with the greatest depreciation were: Idaho (-13.56%), Alabama (-11.18%), Arizona (-10.38%), Oregon (-9.26%) and Mississippi (-8.37%).

-Excluding distressed sales, the five states with the highest appreciation were: Wyoming (+6.47%), North Dakota (+4.91%), Maine (+4.46%), New York (+3.96%), and District of Columbia (+3.54%).

-Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-10.42%), Alabama (-7.82%), Arizona (-7.81%), Nevada (-6.13%) and Washington (-6.05%).

-Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to November 2010) was -30%. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.7%.

“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.

For more information, visit www.corelogic.com.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>