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Home Prices Increase for First Time Since Mid-2010
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You're Now Reading:
Home Prices Increase for First Time Since Mid-2010
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
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Prices Increase for First Time Since Mid-2010
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June 1, 2011 (Chris Moore)

For the first time since the end of the home buyer tax credit in mid-2010, home prices have increased on a month-over-month basis according to CoreLogic’s April Home Price Index (HPI). The 0.7 percent increase in home prices from March to April was a small victory for a housing market that has been battered by a flood of distressed properties.

The influence of those distressed properties over the past year continues to take its toll on housing prices. Including distressed property sales, home prices were 7.5 percent lower in April 2011 compared to April 2010, but by excluding distressed property sales, home prices would only be 0.5 percent lower than they were a year earlier.

Compared to the market peak in April 2006, home prices have declined 33.8 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 21.9 percent since the market peak.

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

“While the economic recovery is still fragile and one data point is not a trend, the month-over-month increase based on April sales activity is a positive sign. This is the first month-over-month increase in the HPI since government support for home buying was removed, and it provides reason for cautious optimism,” said Mark Fleming, chief economist for CoreLogic.
Ninety-two out of the top 100 Core Based Statistical Areas (CBSAs) experienced year over year price declines in April 2011, a slight increase from the 91 CBSAs showing year-over-year price declines in March 2011.

The five states with the highest appreciation including distressed sales were: North Dakota (+4.2 percent), Vermont (+3.4 percent), New York (+3.2 percent), The District of Columbia (+2.2 percent) and Mississippi (+1.4 percent).

The five states with the highest appreciation excluding distressed sales were: West Virginia (+8.4 percent), South Carolina (+6.1 percent), Hawaii (+5.8 percent), Mississippi (+5.0 percent) and North Dakota (+4.5 percent).

The five states with the greatest depreciation including distress sales were: Idaho (-15.2 percent), Michigan (-13.2 percent), Arizona (-11.9 percent), Rhode Island (-11.6 percent) and Nevada (-11.4 percent).

The five states with the greatest depreciation excluding distressed sales were: Nevada (-10.3 percent), Idaho (-9.5 percent), Arizona (-6.0 percent), South Dakota (-5.9 percent) and Minnesota (-5.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation, home buyer tax credit

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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MORTGAGELOANRATEUPDATE
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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 Mortgageloanrateupdate. 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
MORTGAGELOANRATEUPDATE
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.
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June 1, 2011 (Chris Moore)

For the first time since the end of the home buyer tax credit in mid-2010, home prices have increased on a month-over-month basis according to CoreLogic’s April Home Price Index (HPI). The 0.7 percent increase in home prices from March to April was a small victory for a housing market that has been battered by a flood of distressed properties.

The influence of those distressed properties over the past year continues to take its toll on housing prices. Including distressed property sales, home prices were 7.5 percent lower in April 2011 compared to April 2010, but by excluding distressed property sales, home prices would only be 0.5 percent lower than they were a year earlier.

Compared to the market peak in April 2006, home prices have declined 33.8 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 21.9 percent since the market peak.

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

“While the economic recovery is still fragile and one data point is not a trend, the month-over-month increase based on April sales activity is a positive sign. This is the first month-over-month increase in the HPI since government support for home buying was removed, and it provides reason for cautious optimism,” said Mark Fleming, chief economist for CoreLogic.
Ninety-two out of the top 100 Core Based Statistical Areas (CBSAs) experienced year over year price declines in April 2011, a slight increase from the 91 CBSAs showing year-over-year price declines in March 2011.

The five states with the highest appreciation including distressed sales were: North Dakota (+4.2 percent), Vermont (+3.4 percent), New York (+3.2 percent), The District of Columbia (+2.2 percent) and Mississippi (+1.4 percent).

The five states with the highest appreciation excluding distressed sales were: West Virginia (+8.4 percent), South Carolina (+6.1 percent), Hawaii (+5.8 percent), Mississippi (+5.0 percent) and North Dakota (+4.5 percent).

The five states with the greatest depreciation including distress sales were: Idaho (-15.2 percent), Michigan (-13.2 percent), Arizona (-11.9 percent), Rhode Island (-11.6 percent) and Nevada (-11.4 percent).

The five states with the greatest depreciation excluding distressed sales were: Nevada (-10.3 percent), Idaho (-9.5 percent), Arizona (-6.0 percent), South Dakota (-5.9 percent) and Minnesota (-5.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation, home buyer tax credit

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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
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 MortgageLoanRateUpdate. 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
MORTGAGELOANRATEUPDATE
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.

June 1, 2011 (Chris Moore)

For the first time since the end of the home buyer tax credit in mid-2010, home prices have increased on a month-over-month basis according to CoreLogic’s April Home Price Index (HPI). The 0.7 percent increase in home prices from March to April was a small victory for a housing market that has been battered by a flood of distressed properties.

The influence of those distressed properties over the past year continues to take its toll on housing prices. Including distressed property sales, home prices were 7.5 percent lower in April 2011 compared to April 2010, but by excluding distressed property sales, home prices would only be 0.5 percent lower than they were a year earlier.

Compared to the market peak in April 2006, home prices have declined 33.8 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 21.9 percent since the market peak.

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

“While the economic recovery is still fragile and one data point is not a trend, the month-over-month increase based on April sales activity is a positive sign. This is the first month-over-month increase in the HPI since government support for home buying was removed, and it provides reason for cautious optimism,” said Mark Fleming, chief economist for CoreLogic.
Ninety-two out of the top 100 Core Based Statistical Areas (CBSAs) experienced year over year price declines in April 2011, a slight increase from the 91 CBSAs showing year-over-year price declines in March 2011.

The five states with the highest appreciation including distressed sales were: North Dakota (+4.2 percent), Vermont (+3.4 percent), New York (+3.2 percent), The District of Columbia (+2.2 percent) and Mississippi (+1.4 percent).

The five states with the highest appreciation excluding distressed sales were: West Virginia (+8.4 percent), South Carolina (+6.1 percent), Hawaii (+5.8 percent), Mississippi (+5.0 percent) and North Dakota (+4.5 percent).

The five states with the greatest depreciation including distress sales were: Idaho (-15.2 percent), Michigan (-13.2 percent), Arizona (-11.9 percent), Rhode Island (-11.6 percent) and Nevada (-11.4 percent).

The five states with the greatest depreciation excluding distressed sales were: Nevada (-10.3 percent), Idaho (-9.5 percent), Arizona (-6.0 percent), South Dakota (-5.9 percent) and Minnesota (-5.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation, home buyer tax credit

Sources:
CoreLogic

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