Corelogic(R) 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- --
U.S. Newswire › December 06, 2011
Linked as:
Summary
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(R)) 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/See the full content of this document
Extract
Corelogic(R) 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- --
(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 CoreLogi...See the full content of this document
Sponsored links
