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Home Prices Decline for Sixth Month in a Row
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Home Prices Decline for Sixth Month in a Row
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Home Prices Decline for Sixth Month in a Row
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March 11, 2011 (Shirley Allen)
mortgage-price-drop-falling-image
Year-over-year home prices declined for the sixth month in a row according to CoreLogic’s Home Price Index (HPI). Including distressed sales, home prices declined by 5.7 percent in January 2011 compared to January 2010. This follows a 4.7* percent decline in December 2010 compared to December 2009.

Excluding distressed properties, year-over-year prices declined by 1.6 percent in January 2011 when compared to January the previous year following a 3.2* percent decline in December 2010 compared to to the same month in 2009.

Distressed sales include short sales and real estate owned (REO) transactions.

“A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand and the overhang of shadow inventory all continue to exert downward pressure on housing prices. We are looking out for renewed demand in the coming months as the spring buying season gets underway to hopefully reduce the downward pressure,” said Mark Fleming, chief economist with CoreLogic.

Other highlights of the report include:

– Including distressed sales, the five states with the highest appreciation were: West Virginia (+5.5 percent), North Dakota (+3.3 percent), New York (+1.9 percent), Hawaii (+0.7 percent) and Wyoming (+0.2 percent).
– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.7 percent), Alabama (-12.1 percent), Arizona (-11 percent), Oregon (-9.9 percent) and Utah (-9.8 percent).
– Excluding distressed sales, the five states with the highest appreciation were: Hawaii (+7.0 percent), West Virginia (+5.4 percent), North Dakota (+3.2 percent), Louisiana (+3.2 percent), and District of Columbia (+2.7 percent).
– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-11.1 percent), Montana (-6.8 percent), Oregon (-5.9 percent), Arizona (-5.8 percent) and Alabama (-5.7 percent).
– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to January 2011) was -32.8 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -22.2 percent.

*December 2010 data, including distressed sales, was revised from a decline of -5.46 percent to a decline of -4.7 percent. December 2010 data, excluding distressed sales, was revised from a decline of -2.31 percent to a decline of -3.2 percent. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

Tags: CoreLogic, Home price Index, home prices, distressed properties, housing market, shadow inventory, downward pressure

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March 11, 2011 (Shirley Allen)
mortgage-price-drop-falling-image
Year-over-year home prices declined for the sixth month in a row according to CoreLogic’s Home Price Index (HPI). Including distressed sales, home prices declined by 5.7 percent in January 2011 compared to January 2010. This follows a 4.7* percent decline in December 2010 compared to December 2009.

Excluding distressed properties, year-over-year prices declined by 1.6 percent in January 2011 when compared to January the previous year following a 3.2* percent decline in December 2010 compared to to the same month in 2009.

Distressed sales include short sales and real estate owned (REO) transactions.

“A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand and the overhang of shadow inventory all continue to exert downward pressure on housing prices. We are looking out for renewed demand in the coming months as the spring buying season gets underway to hopefully reduce the downward pressure,” said Mark Fleming, chief economist with CoreLogic.

Other highlights of the report include:

– Including distressed sales, the five states with the highest appreciation were: West Virginia (+5.5 percent), North Dakota (+3.3 percent), New York (+1.9 percent), Hawaii (+0.7 percent) and Wyoming (+0.2 percent).
– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.7 percent), Alabama (-12.1 percent), Arizona (-11 percent), Oregon (-9.9 percent) and Utah (-9.8 percent).
– Excluding distressed sales, the five states with the highest appreciation were: Hawaii (+7.0 percent), West Virginia (+5.4 percent), North Dakota (+3.2 percent), Louisiana (+3.2 percent), and District of Columbia (+2.7 percent).
– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-11.1 percent), Montana (-6.8 percent), Oregon (-5.9 percent), Arizona (-5.8 percent) and Alabama (-5.7 percent).
– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to January 2011) was -32.8 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -22.2 percent.

*December 2010 data, including distressed sales, was revised from a decline of -5.46 percent to a decline of -4.7 percent. December 2010 data, excluding distressed sales, was revised from a decline of -2.31 percent to a decline of -3.2 percent. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

Tags: CoreLogic, Home price Index, home prices, distressed properties, housing market, shadow inventory, downward pressure

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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
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.

March 11, 2011 (Shirley Allen)
mortgage-price-drop-falling-image
Year-over-year home prices declined for the sixth month in a row according to CoreLogic’s Home Price Index (HPI). Including distressed sales, home prices declined by 5.7 percent in January 2011 compared to January 2010. This follows a 4.7* percent decline in December 2010 compared to December 2009.

Excluding distressed properties, year-over-year prices declined by 1.6 percent in January 2011 when compared to January the previous year following a 3.2* percent decline in December 2010 compared to to the same month in 2009.

Distressed sales include short sales and real estate owned (REO) transactions.

“A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand and the overhang of shadow inventory all continue to exert downward pressure on housing prices. We are looking out for renewed demand in the coming months as the spring buying season gets underway to hopefully reduce the downward pressure,” said Mark Fleming, chief economist with CoreLogic.

Other highlights of the report include:

– Including distressed sales, the five states with the highest appreciation were: West Virginia (+5.5 percent), North Dakota (+3.3 percent), New York (+1.9 percent), Hawaii (+0.7 percent) and Wyoming (+0.2 percent).
– Including distressed sales, the five states with the greatest depreciation were: Idaho (-15.7 percent), Alabama (-12.1 percent), Arizona (-11 percent), Oregon (-9.9 percent) and Utah (-9.8 percent).
– Excluding distressed sales, the five states with the highest appreciation were: Hawaii (+7.0 percent), West Virginia (+5.4 percent), North Dakota (+3.2 percent), Louisiana (+3.2 percent), and District of Columbia (+2.7 percent).
– Excluding distressed sales, the five states with the greatest depreciation were: Idaho (-11.1 percent), Montana (-6.8 percent), Oregon (-5.9 percent), Arizona (-5.8 percent) and Alabama (-5.7 percent).
– Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to January 2011) was -32.8 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -22.2 percent.

*December 2010 data, including distressed sales, was revised from a decline of -5.46 percent to a decline of -4.7 percent. December 2010 data, excluding distressed sales, was revised from a decline of -2.31 percent to a decline of -3.2 percent. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

Tags: CoreLogic, Home price Index, home prices, distressed properties, housing market, shadow inventory, downward pressure

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
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.