CoreLogic (NYSE: CLGX), a Santa Ana-based provider of information, analytics and business services, today released its December Home Price Index (HPI®) report, the most timely and comprehensive source of home prices available today, giving the first look at full-year 2011 price changes.
In Merced, home prices, including distressed sales, declined by 1.8 percent in December 2011 compared to December 2010 and declined by 1.5 percent* in November 2011 compared to November 2010. Excluding distressed sales, year-over-year prices declined by 1.5 percent in December 2011 compared to December 2010 and declined by 2.6 percent* in November 2011 compared to November 2010.
The CoreLogic HPI shows that including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. This year-end report shows that home prices continued the trend of year-end decreases—this is the fifth consecutive year with a decrease in the HPI. The HPI excluding distressed sales showed that home prices decreased by 0.9 percent in 2011, giving an indication of the impact of distressed sales on home prices in 2011.
The report also shows that national home prices including distressed sales decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month gain since July 2011, rising 0.2 percent. The December drop in home prices follows a decline of 4.3 percent* in November 2011 compared to November 2010. Excluding distressed sales, year-over-year prices declined by 2.0* percent in November 2011 compared to November 2010. Distressed sales include short sales and real estate owned (REO) transactions.
"While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market recede, we will see continued downward pressure on prices," Mark Fleming, chief economist for CoreLogic, said in a news release.
February 2, 2012 A real estate report by CoreLogic on home sales, price trends and foreclosure activity
Contact: Lori Guyton · (901) 277.6066 · lguyton@cvic.com
More Information about CoreLogic can be found at CoreLogic.com
HOME PRICE INDEX ACTIVITY
CoreLogic® December Home Price Index Gives First Look at Full-year 2011 Price Changes
—Prices fell by 4.7 percent nationally in 2011—
Home Prices in Merced Decrease
SANTA ANA, Calif., February 2, 2012 – CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its December Home Price Index (HPI®) report, the most timely and comprehensive source of home prices available today, giving the first look at full-year 2011 price changes. The CoreLogic HPI shows that including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. This year-end report shows that home prices continued the trend of year-end decreases—this is the fifth consecutive year with a decrease in the HPI. The HPI excluding distressed sales showed that home prices decreased by 0.9 percent in 2011, giving an indication of the impact of distressed sales on home prices in 2011.
The report also shows that national home prices including distressed sales decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month gain since July 2011, rising 0.2 percent. The December drop in home prices follows a decline of 4.3 percent* in November 2011 compared to November 2010. Excluding distressed sales, year-over-year prices declined by 2.0* percent in November 2011 compared to November 2010. Distressed sales include short sales and real estate owned (REO) transactions.
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