Annual Home Price Gains Expected for the Rest of the Year
Annual Home Price Gains Expected for the Rest of the Year
Annual Home Price Gains Expected for the Rest of the Year
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September 10, 2012 (Chris Moore)

National monthly home prices improved by 1.3 percent for the second consecutive month from June to July according to CoreLogic’s July Home Price Index (HPI) with early projections for next month leading CoreLogic to predict positive gains in price levels are likely for the full year.

Including distressed property sales, home prices in July were 1.3 percent higher than in June and were 3.8 percent higher than in July of last year. It was the fifth consecutive month that sales have increased on both a monthly and yearly basis.

Excluding distressed properties, monthly home values improved by 1.7 percent and were 4.3 percent higher than in July of last year.

Nevada (-56.0 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Florida (-44.2 percent), Arizona (-42.8 percent), California (-38.0 percent) and Michigan (-37.4 percent). That was little changed from last month’s list of worst performing states which included Nevada (-57.1 percent), Florida (-45.3 percent), Arizona (-44.1 percent), California (-39.2 percent) and Michigan (-39.0 percent).

Since the market peak in July 2006, home prices have declined 27.2 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 20.2 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Twenty-three out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in July, which was 4 less than the revised amount reported in June.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Arizona (+16.6 percent), Idaho (10.0 percent), Utah (+9.3 percent), South Dakota (+8.3 percent) and Colorado (+7.3 percent). In June, those states were: Arizona (+13.8 percent), Idaho (10.4 percent), South Dakota (+10.1 percent), Utah (+8.3 percent) and Wyoming (+7.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-4.8 percent), Alabama (-4.6 percent), Rhode Island (-2.2 percent), Connecticut (-1.7 percent) and Illinois (-1.7 percent). In June, those states were: Alabama (-4.8 percent), Connecticut (-4.0 percent), Illinois (-3.4 percent), Georgia (-2.9 percent) and Delaware (-2.8 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Arizona (+11.3 percent), Utah (+10.5 percent), Montana (+9.1 percent), South Dakota (+8.6 percent) and North Dakota (+6.9 percent). In June, those states were: South Dakota (+10.2 percent), Utah (+9.1 percent), Montana (+8.7 percent), Arizona (+8.7 percent) and Wyoming (+6.9 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-3.5 percent), Alabama (-2.4 percent), New Jersey (-1.2 percent), West Virginia (-0.5 percent) and Connecticut (-0.2 percent). In June, those states were: Delaware (-3.6 percent), Alabama (-3.1 percent), Connecticut (-2.1 percent), New Jersey (-0.9 percent) and Kentucky (-0.4 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

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September 10, 2012 (Chris Moore)

National monthly home prices improved by 1.3 percent for the second consecutive month from June to July according to CoreLogic’s July Home Price Index (HPI) with early projections for next month leading CoreLogic to predict positive gains in price levels are likely for the full year.

Including distressed property sales, home prices in July were 1.3 percent higher than in June and were 3.8 percent higher than in July of last year. It was the fifth consecutive month that sales have increased on both a monthly and yearly basis.

Excluding distressed properties, monthly home values improved by 1.7 percent and were 4.3 percent higher than in July of last year.

Nevada (-56.0 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Florida (-44.2 percent), Arizona (-42.8 percent), California (-38.0 percent) and Michigan (-37.4 percent). That was little changed from last month’s list of worst performing states which included Nevada (-57.1 percent), Florida (-45.3 percent), Arizona (-44.1 percent), California (-39.2 percent) and Michigan (-39.0 percent).

Since the market peak in July 2006, home prices have declined 27.2 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 20.2 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Twenty-three out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in July, which was 4 less than the revised amount reported in June.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Arizona (+16.6 percent), Idaho (10.0 percent), Utah (+9.3 percent), South Dakota (+8.3 percent) and Colorado (+7.3 percent). In June, those states were: Arizona (+13.8 percent), Idaho (10.4 percent), South Dakota (+10.1 percent), Utah (+8.3 percent) and Wyoming (+7.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-4.8 percent), Alabama (-4.6 percent), Rhode Island (-2.2 percent), Connecticut (-1.7 percent) and Illinois (-1.7 percent). In June, those states were: Alabama (-4.8 percent), Connecticut (-4.0 percent), Illinois (-3.4 percent), Georgia (-2.9 percent) and Delaware (-2.8 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Arizona (+11.3 percent), Utah (+10.5 percent), Montana (+9.1 percent), South Dakota (+8.6 percent) and North Dakota (+6.9 percent). In June, those states were: South Dakota (+10.2 percent), Utah (+9.1 percent), Montana (+8.7 percent), Arizona (+8.7 percent) and Wyoming (+6.9 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-3.5 percent), Alabama (-2.4 percent), New Jersey (-1.2 percent), West Virginia (-0.5 percent) and Connecticut (-0.2 percent). In June, those states were: Delaware (-3.6 percent), Alabama (-3.1 percent), Connecticut (-2.1 percent), New Jersey (-0.9 percent) and Kentucky (-0.4 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
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Helpful Tools

September 10, 2012 (Chris Moore)

National monthly home prices improved by 1.3 percent for the second consecutive month from June to July according to CoreLogic’s July Home Price Index (HPI) with early projections for next month leading CoreLogic to predict positive gains in price levels are likely for the full year.

Including distressed property sales, home prices in July were 1.3 percent higher than in June and were 3.8 percent higher than in July of last year. It was the fifth consecutive month that sales have increased on both a monthly and yearly basis.

Excluding distressed properties, monthly home values improved by 1.7 percent and were 4.3 percent higher than in July of last year.

Nevada (-56.0 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Florida (-44.2 percent), Arizona (-42.8 percent), California (-38.0 percent) and Michigan (-37.4 percent). That was little changed from last month’s list of worst performing states which included Nevada (-57.1 percent), Florida (-45.3 percent), Arizona (-44.1 percent), California (-39.2 percent) and Michigan (-39.0 percent).

Since the market peak in July 2006, home prices have declined 27.2 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 20.2 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Twenty-three out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in July, which was 4 less than the revised amount reported in June.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Arizona (+16.6 percent), Idaho (10.0 percent), Utah (+9.3 percent), South Dakota (+8.3 percent) and Colorado (+7.3 percent). In June, those states were: Arizona (+13.8 percent), Idaho (10.4 percent), South Dakota (+10.1 percent), Utah (+8.3 percent) and Wyoming (+7.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-4.8 percent), Alabama (-4.6 percent), Rhode Island (-2.2 percent), Connecticut (-1.7 percent) and Illinois (-1.7 percent). In June, those states were: Alabama (-4.8 percent), Connecticut (-4.0 percent), Illinois (-3.4 percent), Georgia (-2.9 percent) and Delaware (-2.8 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Arizona (+11.3 percent), Utah (+10.5 percent), Montana (+9.1 percent), South Dakota (+8.6 percent) and North Dakota (+6.9 percent). In June, those states were: South Dakota (+10.2 percent), Utah (+9.1 percent), Montana (+8.7 percent), Arizona (+8.7 percent) and Wyoming (+6.9 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-3.5 percent), Alabama (-2.4 percent), New Jersey (-1.2 percent), West Virginia (-0.5 percent) and Connecticut (-0.2 percent). In June, those states were: Delaware (-3.6 percent), Alabama (-3.1 percent), Connecticut (-2.1 percent), New Jersey (-0.9 percent) and Kentucky (-0.4 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.