corelogic june hpi report

8/9/2019 CoreLogic June HPI Report

1/5

FOR IMMEDIATE RELEASE

August 16, 2010

Media Contacts Below

CoreLogic Home Price Index Increases Decelerate in June

SANTA ANA, Calif., August 16, 2010 CoreLogic (NYSE: CLGX), a leading provider of

information, analytics and business services, today released its Home Price Index (HPI) which

shows that home prices in the U.S. increased in June, the fifth-consecutive month showing a

year-over-year increase. According to the CoreLogic HPI, national home prices, including

distressed sales, increased by 1.4 percent in June 2010 compared to June 2009 and increased

by 3.7 percent* in May 2010 compared to May 2009. The June 2.3 percentage point deceleration

from May is very large by historical standards. The deceleration was most pronounced in more

expensive and distressed segments of the market. Excluding distressed sales, year-over-yearprices only increased by 0.2 percent in June and Mays non-distressed HPI increased by 0.5

percent.

Highlights as of June 2010 The top five states with the highest appreciation in June, including distressed sales,

were: South Dakota (+6.9 percent), Maine (+6.4 percent), California (+5.9 percent),Virginia (+4.7 percent), and District of Columbia (+4.3 percent).

The top five states with the greatest depreciation in June, including distressed sales,were Idaho (-9.1 percent), Alabama (-3.8 percent), Oregon (-3.5 percent), Washington (-

3.4 percent) and New Mexico (-3.2 percent).

Excluding distressed sales, the top five states with the highest appreciation in Junewere: District of Columbia (+6.3 percent), South Dakota (+6.3 percent), California (+4.4percent), Mississippi (+3.9 percent), and Maine (+2.7 percent).

Excluding distressed sales, the top five states with the greatest depreciation in Junewere: Nevada (-6.8 percent), Arizona (-5.8 percent), Michigan (-4.8 percent), NewMexico (-4.0 percent) and Oregon (-3.4 percent).

Including distressed transactions, the peak-to-current change in the national HPI (fromApril 2006 to June 2010) is -28.0 percent. Excluding distressed properties, the peak-to-current change in the HPI for the same period is -20.0 percent.

Home price volatility and collateral risk remain very high. The stabilization phase and policy

intervention since the spring of 2009 has run its course. Prices are expected to further

moderately decline as the economy remains weak through the fall said Mark Fleming, chief

economist for CoreLogic.


2/5

CoreLogic Home Price Index Increases Decelerate in JuneFull-month June 2010 national, state-level and top CBSA-level data can be found at

http://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-

2010.aspx.

HPI for the Countrys Largest Core Based Statistical Areas (CBSAs):

June 2010 12-Month HPI

CBSAChange by CBSA

Single Family Single Family

Excluding

Distressed

Philadelphia, PA -2.2% -2.8%

Chicago-Joliet-Naperville, IL -1.3% -3.2%

Phoenix-Mesa-Glendale, AZ 0.1% -4.7%

Dallas-Plano-Irving, TX 0.5% 0.9%

New York-White Plains-Wayne, NY-NJ 1.8% 2.8%Houston-Sugar Land-Baytown, TX 3.7% 0.7%

Atlanta-Sandy Springs-Marietta, GA 3.9% -0.4%

Los Angeles-Long Beach-Glendale, CA 4.6% 4.7%

Washington-Arlington-Alexandria, DC-VA-MD-WV 4.9% 4.8%

Riverside-San Bernardino-Ontario, CA 8.0% 4.1%

Source: CoreLogic.

HPI State and National Ranking:

June 2010 12-Month HPI

StateChange by State

Single Family Single Family

Excluding Distressed

National 1.4% 0.2%

Idaho -9.1% -2.8%

Alabama -3.8% 1.3%

Oregon -3.5% -3.4%

Washington -3.4% -3.0%

New Mexico -3.2% -4.0%

Maryland -2.8% -0.3%

Florida -2.4% -3.0%

Louisiana -2.3% -0.4%Nevada -2.3% -6.8%

Utah -2.0% -0.9%

Arizona -2.0% -5.8%

Illinois -1.9% -3.2%

West Virginia -1.3% 1.8%

Pennsylvania -1.3% -0.9%

Tennessee -0.9% 0.2%
http://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspxhttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspxhttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspxhttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspxhttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---June-2010.aspx


3/5

CoreLogic Home Price Index Increases Decelerate in JuneKansas -0.5% 0.4%

New Jersey -0.5% -0.1%

Wyoming -0.4% -0.2%

Mississippi -0.3% 3.9%

North Carolina -0.2% -0.5%

Montana 0.1% -1.5%

Delaware 0.2% 1.8%

Texas 0.4% -0.2%

Kentucky 0.4% 0.1%

Alaska 0.5% 1.4%

Wisconsin 0.5% -1.1%

New Hampshire 0.6% -0.4%

Colorado 0.7% 0.2%

Hawaii 0.7% 1.6%

North Dakota 0.8% -0.1%

Connecticut 1.0% 0.5%

Missouri 1.2% 0.2%

National 1.4% 0.2%

Arkansas 1.4% -0.2%

Oklahoma 1.7% 1.0%

Minnesota 1.7% -1.2%

New York 1.8% 2.5%

Iowa 1.9% 1.2%

Michigan 1.9% -4.8%

Ohio 2.0% 0.2%

South Carolina 2.1% -0.2%

Indiana 2.2% 0.5%

Nebraska 2.4% 1.6%

Massachusetts 2.5% 2.3%Vermont 2.6% 1.4%

Georgia 2.7% -0.8%

Rhode Island 3.6% -1.7%

District of Columbia 4.3% 6.3%

Virginia 4.7% 2.7%

California 5.9% 4.4%

Maine 6.4% 2.7%

South Dakota 6.9% 6.3%

Source: CoreLogic.


4/5



5/5


*May 2010 data was revised up from 2.9 percent to 3.7 percent. Revisions with public record data arestandard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provideupdated results.

MethodologyThe CoreLogic HPI incorporates more than 30 years worth of repeat sales transactions, representing morethan 55 million observations sourced from CoreLogic industry-leading property information and itssecurities and servicing databases. The CoreLogic HPI provides a multi-tier market evaluation based onprice, time between sales, property type, loan type (conforming vs. nonconforming), and distressed sales.The CoreLogic HPI is a repeat-sales index that tracks increases and decreases in sales prices for thesame homes over time, which provides a more accurate "constant-quality" view of pricing trends thanbasing analysis on all home sales. The CoreLogic HPI provides the most comprehensive set of monthlyhome price indices and median sales prices available covering 6,208 ZIP codes (58 percent of total U.S.population), 572 Core Based Statistical Areas (85 percent of total U.S. population) and 1,027 counties (82percent of total U.S. population) located in all 50 states and the District of Columbia.

About CoreLogicCoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analyticsand services to business and government. The company combines public, contributory and proprietary datato develop predictive decision analytics and provide business services that bring dynamic insight andtransparency to the markets it serves. CoreLogic has built the largest U.S. real estate, mortgage application,fraud, and loan performance databases and is a recognized leading provider of mortgage and automotivecredit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More thanone million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions,prevent fraud, and improve business performance in their daily operations. Formerly the information solutionsgroup of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE onJune 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globallywith 2009 revenues of $2 billion. For more information visitwww.corelogic.com

Source: CoreLogic.The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast.This data may not be re-sold, republished or licensed to any other source, including publications and sourcesowned by the primary recipient's parent company without prior written permission from CoreLogic. AnyCoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming fromCoreLogic, a real estate data and analytics company. For use with broadcast or web content, the citationmust directly accompany first reference of the data. If the data is illustrated wtih maps, charts, graphs orother visual elements, the CoreLogic logo must be included on screen or web site. For questions, analysis orinterpretation of the data contact Lori Guyton at [email protected] or Bill Campbell [email protected]. Data provided may not be modified without the prior written permission ofCoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records,contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

# # #

Media Contacts:For real estate industry and trade media: For general news media:Bill Campbell Lori [email protected] [email protected](212) 995.8057 (office) (901) 277.6066(917) 328.6539 (mobile)
http://www.corelogic.com/http://www.corelogic.com/http://www.corelogic.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]://www.corelogic.com/

corelogic june hpi report

Documents