Kamis, 05 Juli 2012

CoreLogic: Home prices rise for third consecutive month | HousingWire

According to CoreLogic Home Prices Rise AgainDifferences ! ??  Not so much  in Chicago Land

However you need to read beyond the headline… as you can see some states are in a decline!  Here is a bottom line Quote from the Story.

“The five states experiencing the most price appreciation include Arizona (prices up 12%); Idaho (up 9.2%); South Dakota (up 8.7%); Montana (up 8.2%); and Michigan (up 7.9%)”.

“Areas with the greatest price Depreciation include Delaware (prices down 9%); Rhode Island (prices down 4.4%); Illinois (prices down 4.2%); Alabama (prices down 4.1%); and Georgia (prices down 4%)”.

In Fact it seems CoreLogic  will indeed Exclud Distreessed Sales in there forcast.  ( Quote below)

:”CoreLogic's Pending Home Price Index suggests that home prices will rise another 1.4% from May to June. When excluding distressed sales, that number is expected to jump by 2%.”

Click Here for the Rest of the Story

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