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Thursday, April 7, 2011

Home Prices continue to fall to post bubble lows

This is the report for February, we now have 8 straight months of home price drops using the Core Logic index.  I think as these prices drop you might have more homeowners deciding to walk away, if they are really upside on their loans.
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
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