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Monthly Home Prices Rise for the First Time in Eight Months
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You're Now Reading:
Monthly Home Prices Rise for the First Time in Eight Months
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:
Monthly Home Prices Rise for the First Time in Eight Months
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May 9, 2012 (Chris Moore)

National monthly home prices increased for the first time since July of 2011 during March according to CoreLogic’s March Home Price Index (HPI), but still couldn’t climb above the previous year’s levels.

Including distressed property sales, home prices in March were 0.6 percent higher than in February and were only 0.6 percent lower than in March of last year. It was the first time in eight months that home prices have increased from the previous month.

Excluding distressed properties, monthly home prices showed improvement for a third consecutive month and were 0.9 percent higher than in March of last year.

Nevada (-59.9 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Arizona (-48.6 percent), Florida (-48.1 percent), Michigan (-45.1 percent) and California (-42.7 percent). That was little changed from last month’s list of worst performing states which included Nevada (-60.2 percent), Arizona (-50.8 percent), Florida (-48.6 percent), Michigan (-44.0 percent) and California (-43.7 percent).

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.5 percent since the market peak.

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

Mark Fleming, chief economist for CoreLogic, stated, “This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices. Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”

Fifty-seven out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in March, which was eight less than the revised amount reported in February.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Wyoming (+5.9 percent), West Virginia (+5.3 percent), Arizona (+5.1 percent), North Dakota (+4.7 percent) and Florida (+4.5 percent). In February, those states were: West Virginia (+8.6 percent), Michigan (+5.8 percent), Florida (+4.7 percent), Arizona (+4.5 percent) and South Dakota (+4.1 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-10.6 percent), Illinois (-8.3 percent), Alabama (-8.0 percent), Georgia (-7.3 percent) and Nevada (-5.8 percent). In February, those states were: Delaware (-11.2 percent), Connecticut (-7.9 percent), Rhode Island (-7.8 percent), Illinois (-7.1 percent) and Georgia (-6.6 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Idaho (+5.4 percent), North Dakota (+5.1 percent), South Carolina (+4.7 percent), Montana (+3.5 percent) and Kansas (+3.4 percent). In February, those states were: South Dakota (+5.9 percent), West Virginia (+5.6 percent), Maine (+4.5 percent), Utah (+3.7 percent) and Montana (+3.6 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-7.6 percent), Alabama (-4.1 percent), Nevada (-3.9 percent), Vermont (-3.9 percent) and Rhode Island (-2.9 percent). In February, those states were: Delaware (-8.7 percent), Connecticut (-4.9 percent), Nevada (-4.6 percent), Vermont (-4.0 percent) and Minnesota (-3.3 percent).

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

Sources:
CoreLogic

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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.
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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.
HOW
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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

May 9, 2012 (Chris Moore)

National monthly home prices increased for the first time since July of 2011 during March according to CoreLogic’s March Home Price Index (HPI), but still couldn’t climb above the previous year’s levels.

Including distressed property sales, home prices in March were 0.6 percent higher than in February and were only 0.6 percent lower than in March of last year. It was the first time in eight months that home prices have increased from the previous month.

Excluding distressed properties, monthly home prices showed improvement for a third consecutive month and were 0.9 percent higher than in March of last year.

Nevada (-59.9 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Arizona (-48.6 percent), Florida (-48.1 percent), Michigan (-45.1 percent) and California (-42.7 percent). That was little changed from last month’s list of worst performing states which included Nevada (-60.2 percent), Arizona (-50.8 percent), Florida (-48.6 percent), Michigan (-44.0 percent) and California (-43.7 percent).

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.5 percent since the market peak.

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

Mark Fleming, chief economist for CoreLogic, stated, “This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices. Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”

Fifty-seven out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in March, which was eight less than the revised amount reported in February.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Wyoming (+5.9 percent), West Virginia (+5.3 percent), Arizona (+5.1 percent), North Dakota (+4.7 percent) and Florida (+4.5 percent). In February, those states were: West Virginia (+8.6 percent), Michigan (+5.8 percent), Florida (+4.7 percent), Arizona (+4.5 percent) and South Dakota (+4.1 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-10.6 percent), Illinois (-8.3 percent), Alabama (-8.0 percent), Georgia (-7.3 percent) and Nevada (-5.8 percent). In February, those states were: Delaware (-11.2 percent), Connecticut (-7.9 percent), Rhode Island (-7.8 percent), Illinois (-7.1 percent) and Georgia (-6.6 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Idaho (+5.4 percent), North Dakota (+5.1 percent), South Carolina (+4.7 percent), Montana (+3.5 percent) and Kansas (+3.4 percent). In February, those states were: South Dakota (+5.9 percent), West Virginia (+5.6 percent), Maine (+4.5 percent), Utah (+3.7 percent) and Montana (+3.6 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-7.6 percent), Alabama (-4.1 percent), Nevada (-3.9 percent), Vermont (-3.9 percent) and Rhode Island (-2.9 percent). In February, those states were: Delaware (-8.7 percent), Connecticut (-4.9 percent), Nevada (-4.6 percent), Vermont (-4.0 percent) and Minnesota (-3.3 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 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.

May 9, 2012 (Chris Moore)

National monthly home prices increased for the first time since July of 2011 during March according to CoreLogic’s March Home Price Index (HPI), but still couldn’t climb above the previous year’s levels.

Including distressed property sales, home prices in March were 0.6 percent higher than in February and were only 0.6 percent lower than in March of last year. It was the first time in eight months that home prices have increased from the previous month.

Excluding distressed properties, monthly home prices showed improvement for a third consecutive month and were 0.9 percent higher than in March of last year.

Nevada (-59.9 percent) continued to post the largest decline in home prices since the market peaked in 2006 followed by Arizona (-48.6 percent), Florida (-48.1 percent), Michigan (-45.1 percent) and California (-42.7 percent). That was little changed from last month’s list of worst performing states which included Nevada (-60.2 percent), Arizona (-50.8 percent), Florida (-48.6 percent), Michigan (-44.0 percent) and California (-43.7 percent).

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.5 percent since the market peak.

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

Mark Fleming, chief economist for CoreLogic, stated, “This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices. Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”

Fifty-seven out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in March, which was eight less than the revised amount reported in February.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Wyoming (+5.9 percent), West Virginia (+5.3 percent), Arizona (+5.1 percent), North Dakota (+4.7 percent) and Florida (+4.5 percent). In February, those states were: West Virginia (+8.6 percent), Michigan (+5.8 percent), Florida (+4.7 percent), Arizona (+4.5 percent) and South Dakota (+4.1 percent).

The five states with the greatest YOY depreciation including distressed sales were: Delaware (-10.6 percent), Illinois (-8.3 percent), Alabama (-8.0 percent), Georgia (-7.3 percent) and Nevada (-5.8 percent). In February, those states were: Delaware (-11.2 percent), Connecticut (-7.9 percent), Rhode Island (-7.8 percent), Illinois (-7.1 percent) and Georgia (-6.6 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Idaho (+5.4 percent), North Dakota (+5.1 percent), South Carolina (+4.7 percent), Montana (+3.5 percent) and Kansas (+3.4 percent). In February, those states were: South Dakota (+5.9 percent), West Virginia (+5.6 percent), Maine (+4.5 percent), Utah (+3.7 percent) and Montana (+3.6 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Delaware (-7.6 percent), Alabama (-4.1 percent), Nevada (-3.9 percent), Vermont (-3.9 percent) and Rhode Island (-2.9 percent). In February, those states were: Delaware (-8.7 percent), Connecticut (-4.9 percent), Nevada (-4.6 percent), Vermont (-4.0 percent) and Minnesota (-3.3 percent).

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

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.