CoreLogic Home Price Index

CoreLogic today released its January Home Price Index (HPI®) report showing Washington area prices for single-family homes continue to rise, even as declines persist across the country. Nationwide prices dropped for the sixth consecutive month.

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

• DC-Arlington-Alexandria home prices -- excluding "distressed home sales" -- are up 2.1% over January 2011.
• Washington area single-family home prices -- including "distressed home sales" -- show a price increase of 0.7%.

Numbers for the District of Columbia alone show the reverse: prices of all homes are rising; sales including distressed properties have buoyed prices higher.

• District of Columbia home prices -- including "distressed home sales" -- are up 1.6% over January 2011.
• DC home prices -- excluding "distressed home sales" -- show a price increase of 0.6%.

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

• Nationally, home prices -- including "distressed home sales" -- have dropped 3.1% over January 2011.
• Prices -- excluding "distressed home sales" -- have dropped 0.9%.

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Read the CoreLogic press release.

Read the full report.