Fourth Straight Monthly Decline in Home Sales

CoreLogic released its November Home Price Index (HPI) Monday, which shows prices nationally fell 1.4 percent month-over-month and 4.3 percent year-over-year. November marks the fourth consecutive month CoreLogic’s index has returned negative results, with much of the depreciation coming from distressed sales such as REO and short sale transactions. When you exclude these distressed deals …

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July sales and price report

California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported: …Closed escrow sales of existing, single-family detached homes in California dropped 4.1 percent to a seasonally adjusted 458,440 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and …

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Home prices rose for the first time in a year

Home prices in the U.S. rose in April for the first time since last spring, the Federal Housing Finance Agency (FHFA) reported Wednesday. The agency’s House Price Index recorded a 0.8 percent seasonally adjusted increase between March and April – the first month-over-month gain since May 2010. The index is calculated using purchase prices of …

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