Nevada City Virtual Tour

Tuesday, June 22, 2010

Home Price Index Shows April Year-Over-Year and Month-Over-Month Increase

CoreLogic Home Price Index Shows April Year-Over-Year and Month-Over-Month Increase

RISMEDIA, June 22, 2010--CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its Home Price Index (HPI) which shows that annual home prices in the U.S. increased in April, the second consecutive monthly increase.

According to the CoreLogic HPI, national home prices, including distressed sales, increased by 2.6 percent in April 2010 compared to April 2009. This was an improvement over March's year-over-year price increase of 2.3 percent.* Excluding distressed sales, year-over-year prices increased in April 2010 by 2.2 percent; an improvement over the March non-distressed HPI which increased by 1.0 percent** year-over-year.

On a month-over-month basis, the national average home price index increased by 0.8 percent in April 2010 compared to March 2010, which was stronger than the previous one-month increase of 0.1 percent from February 2010 to March 2010.

"The monthly increase in the HPI shows the lingering effects of the homebuyer tax credit," said Mark Fleming, chief economist for CoreLogic. "We expect that we will see home prices remain strong through early summer, but in the second half of the year we expect price growth to soften and possibly decline moderately."

The full April 2010 report, including national, state-level, and top metro-level data can be found at http://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index-Report---April-2010.aspx.

ETF and Stock Expert Feed