Wednesday, April 4, 2012

CoreLogic Home Price Index

The latest CoreLogic Home Price Index (HPI®) -- reporting data through February 2012 -- was released Wednesday, April 4th.  February's numbers show improvement in the local housing market over the January Index and last year.

Washington area prices for single-family homes continue to rise, even as declines persist across the country.  Nationwide prices dropped for the seventh consecutive month.

District of Columbia

Numbers for the District of Columbia alone show all sales -- including and excluding distressed properties -- have buoyed prices higher over February 2011.

  • Home prices have jumped 4.1% over February 2011 -- including distressed sales.
  • DC home prices show an increase of 1.8% over last year -- excluding distressed home sales .

Washington-Arlington-Alexandria, DC-VA-MD-WV

Key figures for the Washington "Core Based Statistical Area" -- which includes the District, Arlington, Alexandria, and parts of West Virginia -- show distressed properties (i.e. foreclosures and short sales) putting a drag on overall home price increases.

  • Single-family home prices have increased 2.1% over February 2011 -- excluding distressed home sales.
  • Home prices are up only 0.2% -- including distressed home sales.


Nationally the numbers show home price declines with distressed properties plunging the country's numbers lower.

  • Single-family home prices declined 2% over Febuary 2011-- including distressed home sales .
  • Prices have dropped 0.8% -- excluding distressed home sales.

CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations.

Read the CoreLogic press release.

Read the full six-page report.

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