CoreLogic: home prices get spring bump
Shadow inventory down 18 percent from January 2010 peak
Home prices got a seasonal bump for the second month in a row in May, and the “shadow inventory” of distressed properties was shrinking in April, according to two recent reports from loan data aggregator and analytics firm CoreLogic.
CoreLogic’s Home Price Index showed home prices increasing by a nonseasonally adjusted 0.8 percent from April to May, but were down 7.4 percent from a year ago.
Excluding distressed sales — short sales and real estate owned (REO) properties — the year-over-year price decline was a more modest 0.4 percent.
If distressed sales were included, nine out of 10 of the country’s largest metro areas saw year-over-year price declines, compared to only half if distressed sales were excluded.
This post was last modified on %s = human-readable time difference 3:27 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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