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“As of June, nominal home prices declined 10.7% from a year ago,” said Mark Fleming, chief economist for First American CoreLogic. “Given our home price expectations for the remainder of this year, we expect 2.7 million pre-foreclosure and foreclosure filings in 2008, up nearly 50% from 2007. Nominal home price declines have stabilized in the 10 to 11 percent range for several months,” Fleming continued, "however, given the surge in inflation, real inflation-adjusted home prices are still declining at a faster rate. Between April and June home price declines were very flat, falling by an average of 10.8 percent, but real home price declines accelerated from April’s 15.3 percent to June’s 16.8 percent (more).”
LoanPerformance HPI monthly updates offer the quickest HPI collateral valuation information in the industry—complete HPI datasets five weeks after month’s end plus key indices for the two weeks after that—and leverage the full authority of First American CoreLogic’s industry-leading real estate databases, covering 7,569 Zip codes, 958 Core Based Statistical Areas (CBSAs), and 676 counties in all 50 states and the District of Columbia.
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| LoanPerformance HPI covers 7,569 ZIP codes, 958 Core Based Statistical
Areas (CBSA) and 676 counties in all 50 states and the District of Columbia
(more). |
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| 12-Month Change By Top CBSAs (Core Based Statistical Areas) as of June 2008 |
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12-Month |
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Change |
| Los Angeles-Long Beach-Glendale, CA |
-26.55% |
| Riverside-San Bernardino-Ontario, CA |
-26.07% |
| Oakland-Fremont-Hayward, CA |
-25.67% |
| Miami-Miami Beach-Kendall, FL |
-24.00% |
| Las Vegas-Paradise, NV |
-23.52% |
| Cape Coral-Fort Myers, FL |
-22.17% |
| San Diego-Carlsbad-San Marcos, CA |
-22.09% |
| Phoenix-Mesa-Scottsdale, AZ |
-21.14% |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL |
-20.06% |
| Orlando-Kissimmee, FL |
-19.15% |
| Tampa-St. Petersburg-Clearwater, FL |
-15.34% |
| Cleveland-Elyria-Mentor, OH |
-13.15% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
-12.92% |
| San Francisco-San Mateo-Redwood City, CA |
-11.98% |
| St. Louis, MO-IL |
-11.40% |
| Boston-Quincy, MA |
-10.15% |
| Minneapolis-St. Paul-Bloomington, MN-WI |
-8.65% |
| Chicago-Naperville-Joliet, IL |
-7.25% |
| New York-White Plains-Wayne, NY-NJ |
-7.06% |
| Edison-New Brunswick, NJ |
-6.77% |
| Atlanta-Sandy Springs-Marietta, GA |
-6.15% |
| Detroit-Livonia-Dearborn, MI |
-5.93% |
| Seattle-Bellevue-Everett, WA |
-5.10% |
| Portland-Vancouver-Beaverton, OR-WA |
-5.08% |
| Philadelphia, PA |
-3.62% |
| Denver-Aurora, CO |
-2.78% |
| Charlotte-Gastonia-Concord, NC-SC |
-1.49% |
| Honolulu, HI |
-0.89% |
| Raleigh-Cary, NC |
-0.48% |
| Dallas-Plano-Irving, TX |
1.56% |
| San Antonio, TX |
2.12% |
| Salt Lake City, UT |
2.27% |
| Houston-Sugar Land-Baytown, TX |
3.55% |
| Austin-Round Rock, TX |
4.02% |
Source: First American CoreLogic, LoanPerformance HPI, Single Family Detached Series as of June 2008
To view sample HPI reports for the full month of June 2008 plus state and top CBSA-level HPI data through mid-July 2008, please click here (log-in required).
LoanPerformance HPI data is available online via the powerful data/analytics application LoanPerformance HPI or as text data via FTP for use in proprietary systems.
For more information, please contact your CoreLogic sales executive or call:
888.535.2673
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