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Corelogic: nationwide house prices down again this February
invite response
2011 Apr 7, 2:26am 2,258 views 8 comments
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joshuatrio
2011 Apr 7, 3:49am
Any data that shows 2009 bottom has caved in is INCORRECT!
That about sums it up.
Case-Shiller will catch up soon. It's only a matter of time.
toothfairy
2011 Apr 7, 6:58am
well I did my part to bring down the average. The house I just bought the insurance value is worth more than I paid for everything including the land.
The banks are pretty desperate right now. It wont be like this forever though probably 1-2 more year window.
well I did my part to bring down the average. The house I just bought the insurance value is worth more than I paid for everything including the land.
The banks are pretty desperate right now. It wont be like this forever though probably 1-2 more year window.
Where did you buy your newest house? Santa Clara?
toothfairy
2011 Apr 7, 7:49am
well I did my part to bring down the average. The house I just bought the insurance value is worth more than I paid for everything including the land.
The banks are pretty desperate right now. It wont be like this forever though probably 1-2 more year window.
Where did you buy your newest house? Santa Clara?
East Bay. Santa Clara is still freaking expensive.
FNWGMOBDVZXDNW
2011 Apr 7, 10:12am
I'm pretty sure that is seasonally adjusted Case-Shiller & non-adjusted core-logic. I think that the non-adjusted CS plot has larger seasonal fluctuations post 2009.
terriDeaner
2011 Apr 7, 1:09pm
I’m pretty sure that is seasonally adjusted Case-Shiller & non-adjusted core-logic. I think that the non-adjusted CS plot has larger seasonal fluctuations post 2009.
Good point, I hadn't noticed the (NSA) modifier. Here's the nominal data from McBride's website:
I'm guessing both are seasonally adjusted in the above chart. It looks like the differential sensitivity phenomena still holds. Still, it would be better to compare NSA for both to directly address your issue - I'll try and dig that up later.
investor90
2011 Apr 7, 5:20pm
down down down...why is the MSM and our President so worried about keeping house prices high in the bubble-sphere? Let capitalism work and stop bailing out the banking, home mortgage and housing sector. Let failures FAIL and stop hijacking taxpayers to pay for their excesses and crimes?
I posted this over in the link submissions forum, but I suspect it might get a little more traction over here...
via calculatedriskblog:
http://www.calculatedriskblog.com/2011/04/corelogic-house-prices-declined-27-in.html
The trend looks to be accelerating too:
According to the CoreLogic HPI, national home prices, including distressed sales, declined by 6.7 percent in February 2011 compared to February 2010 after declining by 5.5 percent in January 2011 compared to January 2010. Excluding distressed sales, year-over-year prices declined by 0.1 percent in February 2011 compared to February 2010 and by 1.4 percent in January 2011 compared to January 2010. Distressed sales include short sales and real estate owned (REO) transactions.
#housing