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Corelogic: nationwide house prices down again this February


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2011 Apr 7, 2:26am   2,257 views  8 comments

by terriDeaner   ➕follow (0)   💰tip   ignore  

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

Comments 1 - 8 of 8        Search these comments

1   joshuatrio   2011 Apr 7, 3:13am  

"There's a hole in the boat ! Quick, plug it !"

2   joshuatrio   2011 Apr 7, 3:49am  

bubblesitter says

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.

3   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.

4   ch_tah   2011 Apr 7, 7:36am  

toothfairy says

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?

5   toothfairy   2011 Apr 7, 7:49am  

ch_tah says

toothfairy says

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.

6   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.

7   terriDeaner   2011 Apr 7, 1:09pm  

YesYNot says

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.

8   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?

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