CoreLogic: Home Prices Down 3.1% YoY in January 2012

March 7th, 2012
in econ_news

Econintersect: CoreLogic's Home Price Index (HPI) shows that home prices in the U.S. decreased in January 2012 1.0% month-over-month following last month's 1.4% decline. This is the fifth month in a row of home value decline.

Prices declined 3.1% year-over-year. Mark Fleming, chief economist for CoreLogic stated:

"Although home price declines are slowly improving and not far from the bottom, home prices are down to nearly the same levels as 10 years ago."

Follow up:

According to CoreLogic's data, if distressed home sales are excluded - prices decreased by 0.9% year-over-year.

Steven Hansen

For the complete report, click on the hyperlink below.

Source: CoreLogic

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