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Home Price Index: home prices down 1.3% in Q3
Calculated Risk reported that the October CoreLogic Home Price Index (HPI) showed that home prices in the U.S. decreased 1.3 percent on a month-0ver-month basis for the third consecutive month.
housing market, home market, home buyers, home prices
Calculated Risk reported that the October CoreLogic Home Price Index (HPI) showed that home prices in the U.S. decreased 1.3 percent on a month-0ver-month basis for the third consecutive month. The HPI is a three-month weighted average of August, September and October (with October weighted the most).
According to the HPI, national home prices, including distressed sales, also declined by 3.9 percent on a year-over-year basis in October 2011 compared with October 2010.
Excluding distressed sales (short sales and real estate owned transactions), year-over-year prices declined by 0.5 percent in October 2011 compared to October 2010 and by 2.1 percent in September 2011 compared to September 2010.
To see the article and a chart, click here.
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