ROGER W. WEBB

Providing Honesty, Integrity & Professionalism
Welcome to ROGER W. WEBB Sign in | Help

Keeping Current

Good News! - House Prices up 11.8% Year-over-Year in November

House Prices up 11.8% Year-over-year in November

Notes: This CoreLogic House Price Index report is for November. The recent Case-Shiller index release was for October. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).

From CoreLogic: CoreLogic Reports Home Prices Rise by 11.8 Percent Year Over Year in November
Year over year, home prices nationwide, including distressed sales, increased 11.8 percent in November 2013 compared to November 2012. This change represents the 21st consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 0.1 percent in November 2013 compared to October 2013.

Excluding distressed sales, home prices increased 0.3 percent month over month in November 2013 compared to October 2013. On a year-over-year basis, home prices, excluding distressed sales, increased by 10.4 percent in November 2013 compared to November 2012. Distressed sales include short sales and real-estate owned (REO) transactions.

The CoreLogic Pending HPI indicates that December 2013 home prices, including distressed sales, are expected to dip 0.1 percent month over month from November to December 2013, with a projected increase of 11.5 percent on a year-over-year basis from December 2012.
CoreLogic House Price Index Click on graph for larger image.

This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.

The index was up 0.1% in November, and is up 11.8% over the last year.  This index is not seasonally adjusted, and the month-to-month changes will be smaller - or even negative - for next several months.

The index is off 17.6% from the peak - and is up 22.4% from the post-bubble low set in February 2012.

CoreLogic YoY House Price IndexThe second graph is from CoreLogic. The year-over-year comparison has been positive for twenty one consecutive months suggesting house prices bottomed early in 2012 on a national basis (the bump in 2010 was related to the tax credit).

This is a slightly smaller year-over-year gain than in October, and I expect the year-over-year price increases to slow in the coming months. 
Published Wednesday, January 08, 2014 11:04 AM by ROGER WEBB & THE WEBB REAL ESTATE TEAM

Comments

No Comments
Anonymous comments are disabled