Publication Date:
Fri, 2011-12-09 11:15
Article Image:
CoreLogic reported that home prices fell for the third month in a row.
Calculated Risk reported [1] that the October CoreLogic Home Price Index (HPI) showed that home prices in the U.S. decreased 1.3 percent on a month-0ver-month basis for the third consecutive month. The HPI is a three-month weighted average of August, September and October (with October weighted the most).
According to the HPI, national home prices, including distressed sales, also declined by 3.9 percent on a year-over-year basis in October 2011 compared with October 2010.
Excluding distressed sales (short sales and real estate owned transactions), year-over-year prices declined by 0.5 percent in October 2011 compared to October 2010 and by 2.1 percent in September 2011 compared to September 2010.
To see the article and a chart, click here [1].
