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Home Prices Continue to Slide
Home Prices Continue to Slide
Home Prices Continue to Slide
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December 17 2010 (Jeff Alan)
housing-prices-image
CoreLogic released its October Home Price Index (PRI) which shows that home prices in the United States continued to slide for the third month in a row. According to the HPI, national home prices, including distressed properties, declined by 3.93 percent in October 2010 compared to October of last year and declined by 2.43 percent in September 2010 compared to September the year before.

Excluding distressed properties, prices declined by 1.5 percent in October 2010 compared to October of 2009

Other highlights of the report included:

– Including distressed sales, the five states with the highest appreciation were: North Dakota (+4.61 percent), West Virginia (+3.43 percent), Vermont (+2.59 percent), Maine (+1.97 percent) and Wyoming (+1.93 percent).

– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.06 percent), Alabama (-9.30 percent), Oregon (-8.50 percent), Arizona (-8.25 percent) and Florida (-8.00 percent).

– Excluding distressed sales, the five states with the highest appreciation were: Wyoming (+5.67 percent), North Dakota (+5.35 percent), Hawaii (+2.97 percent), New York (+2.93 percent), and Vermont (+2.84 percent).

– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-10.60 percent), Arizona (-6.37 percent), Washington (-5.94 percent), Michigan (-5.91 percent) and Oregon (-5.60 percent).

– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to October 2010) was –30.2 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was –20.9 percent.

Mark Fleming, chief economist for CoreLogic stated, “We are continuing to see the weakness in home prices without artificial government support in the form of tax credits. The stubborn unemployment levels and seasonality are also coming into play. When you combine these factors with high shadow and visible inventories, the prospect for a housing recovery in early 2011 is fading.”

Tags: HPI, distressed sales, home price index, corelogic, national home prices, distressed properties, tax credits, unemployment levels

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
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.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

December 17 2010 (Jeff Alan)
housing-prices-image
CoreLogic released its October Home Price Index (PRI) which shows that home prices in the United States continued to slide for the third month in a row. According to the HPI, national home prices, including distressed properties, declined by 3.93 percent in October 2010 compared to October of last year and declined by 2.43 percent in September 2010 compared to September the year before.

Excluding distressed properties, prices declined by 1.5 percent in October 2010 compared to October of 2009

Other highlights of the report included:

– Including distressed sales, the five states with the highest appreciation were: North Dakota (+4.61 percent), West Virginia (+3.43 percent), Vermont (+2.59 percent), Maine (+1.97 percent) and Wyoming (+1.93 percent).

– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.06 percent), Alabama (-9.30 percent), Oregon (-8.50 percent), Arizona (-8.25 percent) and Florida (-8.00 percent).

– Excluding distressed sales, the five states with the highest appreciation were: Wyoming (+5.67 percent), North Dakota (+5.35 percent), Hawaii (+2.97 percent), New York (+2.93 percent), and Vermont (+2.84 percent).

– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-10.60 percent), Arizona (-6.37 percent), Washington (-5.94 percent), Michigan (-5.91 percent) and Oregon (-5.60 percent).

– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to October 2010) was –30.2 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was –20.9 percent.

Mark Fleming, chief economist for CoreLogic stated, “We are continuing to see the weakness in home prices without artificial government support in the form of tax credits. The stubborn unemployment levels and seasonality are also coming into play. When you combine these factors with high shadow and visible inventories, the prospect for a housing recovery in early 2011 is fading.”

Tags: HPI, distressed sales, home price index, corelogic, national home prices, distressed properties, tax credits, unemployment levels

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.
HOW LOANRATENETWORK
LOAN CENTER WORKS
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.
Information You Can Use
Helpful Tools

December 17 2010 (Jeff Alan)
housing-prices-image
CoreLogic released its October Home Price Index (PRI) which shows that home prices in the United States continued to slide for the third month in a row. According to the HPI, national home prices, including distressed properties, declined by 3.93 percent in October 2010 compared to October of last year and declined by 2.43 percent in September 2010 compared to September the year before.

Excluding distressed properties, prices declined by 1.5 percent in October 2010 compared to October of 2009

Other highlights of the report included:

– Including distressed sales, the five states with the highest appreciation were: North Dakota (+4.61 percent), West Virginia (+3.43 percent), Vermont (+2.59 percent), Maine (+1.97 percent) and Wyoming (+1.93 percent).

– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.06 percent), Alabama (-9.30 percent), Oregon (-8.50 percent), Arizona (-8.25 percent) and Florida (-8.00 percent).

– Excluding distressed sales, the five states with the highest appreciation were: Wyoming (+5.67 percent), North Dakota (+5.35 percent), Hawaii (+2.97 percent), New York (+2.93 percent), and Vermont (+2.84 percent).

– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-10.60 percent), Arizona (-6.37 percent), Washington (-5.94 percent), Michigan (-5.91 percent) and Oregon (-5.60 percent).

– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to October 2010) was –30.2 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was –20.9 percent.

Mark Fleming, chief economist for CoreLogic stated, “We are continuing to see the weakness in home prices without artificial government support in the form of tax credits. The stubborn unemployment levels and seasonality are also coming into play. When you combine these factors with high shadow and visible inventories, the prospect for a housing recovery in early 2011 is fading.”

Tags: HPI, distressed sales, home price index, corelogic, national home prices, distressed properties, tax credits, unemployment levels

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.
Information You Can Use

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