• Embed Doc
  • Readcast
  • Collections
  • CommentGo Back
Download
 
 
FOR IMMEDIATE RELEASE
August 16, 2010
Media Contacts Below
CoreLogic
Home Price Index Increases Decelerate in June
SANTA ANA, Calif., August 16, 2010
 –
 
CoreLogic (NYSE: CLGX), a leading provider ofinformation, analytics and business services, today released its Home Price Index (HPI) whichshows that home prices in the U.S. increased in June, the fifth-consecutive month showing ayear-over-year increase. According to the CoreLogic HPI, national home prices, includingdistressed sales, increased by 1.4 percent in June 2010 compared to June 2009 and increasedby 3.7 percent* in May 2010 compared to May 2009. The June 2.3 percentage point decelerationfrom May is very large by historical standards. The deceleration was most pronounced in moreexpensive and distressed segments of the market. Excluding distressed sales, year-over-yearprices only increased by 0.2 percent in June and May
’s
non-distressed HPI increased by 0.5percent.
Highlights as of June 2010
 
The top five states with the highest
appreciation 
in June, including distressed sales,were: South Dakota (+6.9 percent), Maine (+6.4 percent), California (+5.9 percent),Virginia (+4.7 percent), and District of Columbia (+4.3 percent).
 
The top five states with the greatest
depreciation 
in June, including distressed sales,were Idaho (-9.1 percent), Alabama (-3.8 percent), Oregon (-3.5 percent), Washington (-3.4 percent) and New Mexico (-3.2 percent).
 
Excluding distressed sales, the top five states with the highest
appreciation 
in Junewere: District of Columbia (+6.3 percent), South Dakota (+6.3 percent), California (+4.4percent), Mississippi (+3.9 percent), and Maine (+2.7 percent).
 
Excluding distressed sales, the top five states with the greatest
depreciation 
in Junewere: Nevada (-6.8 percent), Arizona (-5.8 percent), Michigan (-4.8 percent), NewMexico (-4.0 percent) and Oregon (-3.4 percent).
 
Including distressed transactions, the peak-to-current change in the national HPI (fromApril 2006 to June 2010) is -28.0 percent. Excluding distressed properties, the peak-to-current change in the HPI for the same period is -20.0 percent.
Home price volatility and collateral risk remain very high. The stabilization phase and policyintervention since the spring of 2009 has run its course. Prices are expected to furthermoderately decline as the economy remains weak through the fall
” said Mark Fleming, chief 
economist for CoreLogic.
 
CoreLogic
Home Price Index Increases Decelerate in June
 
Full-month June 2010 national, state-level and top CBSA-level data can be found athttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspx. 
HPI for the Country’s Largest Core Based Statistical Areas (CBSAs):
 
 
June 2010 12-Month HPICBSAChange by CBSASingle Family Single FamilyExcludingDistressed
Philadelphia, PA -2.2% -2.8%Chicago-Joliet-Naperville, IL -1.3% -3.2%Phoenix-Mesa-Glendale, AZ 0.1% -4.7%Dallas-Plano-Irving, TX 0.5% 0.9%New York-White Plains-Wayne, NY-NJ 1.8% 2.8%Houston-Sugar Land-Baytown, TX 3.7% 0.7%Atlanta-Sandy Springs-Marietta, GA 3.9% -0.4%Los Angeles-Long Beach-Glendale, CA 4.6% 4.7%Washington-Arlington-Alexandria, DC-VA-MD-WV 4.9% 4.8%Riverside-San Bernardino-Ontario, CA 8.0% 4.1%Source: CoreLogic.
HPI State and National Ranking:
June 2010 12-Month HPIStateChange by StateSingle Family Single FamilyExcluding Distressed
National 1.4% 0.2%
Idaho -9.1% -2.8%Alabama -3.8% 1.3%Oregon -3.5% -3.4%Washington -3.4% -3.0%New Mexico -3.2% -4.0%Maryland -2.8% -0.3%Florida -2.4% -3.0%Louisiana -2.3% -0.4%Nevada -2.3% -6.8%Utah -2.0% -0.9%Arizona -2.0% -5.8%Illinois -1.9% -3.2%West Virginia -1.3% 1.8%Pennsylvania -1.3% -0.9%Tennessee -0.9% 0.2%
 
CoreLogic
Home Price Index Increases Decelerate in June
 
Kansas -0.5% 0.4%New Jersey -0.5% -0.1%Wyoming -0.4% -0.2%Mississippi -0.3% 3.9%North Carolina -0.2% -0.5%Montana 0.1% -1.5%Delaware 0.2% 1.8%Texas 0.4% -0.2%Kentucky 0.4% 0.1%Alaska 0.5% 1.4%Wisconsin 0.5% -1.1%New Hampshire 0.6% -0.4%Colorado 0.7% 0.2%Hawaii 0.7% 1.6%North Dakota 0.8% -0.1%Connecticut 1.0% 0.5%Missouri 1.2% 0.2%National 1.4% 0.2%Arkansas 1.4% -0.2%Oklahoma 1.7% 1.0%Minnesota 1.7% -1.2%New York 1.8% 2.5%Iowa 1.9% 1.2%Michigan 1.9% -4.8%Ohio 2.0% 0.2%South Carolina 2.1% -0.2%Indiana 2.2% 0.5%Nebraska 2.4% 1.6%Massachusetts 2.5% 2.3%Vermont 2.6% 1.4%Georgia 2.7% -0.8%Rhode Island 3.6% -1.7%District of Columbia 4.3% 6.3%Virginia 4.7% 2.7%California 5.9% 4.4%Maine 6.4% 2.7%South Dakota 6.9% 6.3%Source: CoreLogic.
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...