 |
 |
|||||
 |
 |
 |
 |
 |
 |
 |
|
|
|||||
|
|
|
|
|
|
|
 |
Press Releases |
  Press Releases Archive  
For all trade media inquires, please contact:Bill Campbell(212) 995-8057  send email
For all other media inquires, please contact:Analisa Schelle(415) 677-2721 send email |
First American CoreLogic Releases December 2007 LoanPerformance House Price Index
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
 |
“Of the 7,472 ZIP codes tracked by the LoanPerformance HPI, home prices in 5,691 (76.16 percent) of these ZIP codes have decreased over the last three months,” said Damien Weldon, vice president, collateral and prepayment analytics for First American CoreLogic, “Year-over-year, however, just 4,028 (53.91 percent) of the ZIP codes we track indicate decreasing property values,” added Weldon.
| 3 and 12-Month Change By Top CBSAs (Core Based Statistical Areas) as of December 2007 | ||
| 3 Month | 12 Month | |
| Change | Change | |
| Austin-Round Rock, TX (Metropolitan) | 0.91% | 8.09% |
| New York-White Plains-Wayne, NY-NJ (Metropolitan) | 0.61% | -0.35% |
| San Antonio, TX (Metropolitan) | 0.12% | 6.82% |
| Houston-Sugar Land-Baytown, TX (Metropolitan) | 0.00% | 3.70% |
| Salt Lake City, UT (Metropolitan) | -0.03% | 9.07% |
| Dallas-Fort Worth-Arlington, TX (Metropolitan) | -0.06% | 3.21% |
| New York-Northern New Jersey-Long Island, NY-NJ-PA (Metropolitan) | -0.18% | -2.06% |
| Cape Coral-Fort Myers, FL (Metropolitan) | -0.75% | -13.74% |
| Detroit-Warren-Livonia, MI (Metropolitan) | -1.15% | -0.26% |
| Honolulu, HI (Metropolitan) | -1.25% | 13.81% |
| Boston-Quincy, MA (Metropolitan) | -1.49% | -4.54% |
| Philadelphia, PA (Metropolitan) | -1.67% | 0.13% |
| Portland-Vancouver-Beaverton, OR-WA (Metropolitan) | -1.96% | 1.47% |
| Raleigh-Cary, NC (Metropolitan) | -2.38% | 3.61% |
| Atlanta-Sandy Springs-Marietta, GA (Metropolitan) | -2.42% | -1.75% |
| Chicago-Naperville-Joliet, IL-IN-WI (Metropolitan) | -2.82% | -3.19% |
| Charlotte-Gastonia-Concord, NC-SC (Metropolitan) | -2.87% | 3.10% |
| Seattle-Tacoma-Bellevue, WA (Metropolitan) | -3.59% | -0.02% |
| Denver-Aurora, CO (Metropolitan) | -3.76% | -3.83% |
| Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan) | -4.26% | -5.86% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan) | -4.67% | -8.42% |
| Las Vegas-Paradise, NV (Metropolitan) | -4.80% | -13.43% |
| Miami-Miami Beach-Kendall, FL (Metropolitan) | -5.24% | -9.83% |
| Tampa-St. Petersburg-Clearwater, FL (Metropolitan) | -5.31% | -11.18% |
| Miami-Fort Lauderdale-Miami Beach, FL (Metropolitan) | -5.44% | -13.26% |
| San Francisco-San Mateo-Redwood City, CA (Metropolitan) | -5.49% | -5.66% |
| San Diego-Carlsbad-San Marcos, CA (Metropolitan) | -5.53% | -14.19% |
| Riverside-San Bernardino-Ontario, CA (Metropolitan) | -5.69% | -18.18% |
| Orlando-Kissimmee, FL (Metropolitan) | -5.72% | -13.12% |
| Phoenix-Mesa-Scottsdale, AZ (Metropolitan) | -6.02% | -12.71% |
| Oakland-Fremont-Hayward, CA (Metropolitan) | -6.33% | -14.10% |
| St. Louis, MO-IL (Metropolitan) | -6.52% | -3.98% |
| Los Angeles-Long Beach-Santa Ana, CA (Metropolitan) | -6.55% | -14.71% |
| Cleveland-Elyria-Mentor, OH (Metropolitan) | -7.51% | -9.74% |
Source: LoanPerformance HPI, Single Family Detached Series as of December 2007
“There continues to be strong variation across individual states. For example, according to this latest data release, 97.67% (967) of the ZIP codes we track in California exhibited negative declines year-over-year whereas in New York the comparative number is just 51.39% (240)” added Weldon.
In addition, updated LoanPerformance HPI data through mid-January, 2008 is also available, providing clients with an early snapshot of trends with only a three-week lag period after sales. Full-month December 2007 and mid-month January 2008 state and top CBSA-level data can be found at http://www.loanperformance.com/products/hpi.aspx.
Published to the market by the third week of each month, the LoanPerformance HPI incorporates more than 30 years of repeat sales transactions, representing more than 45 million observations, sourced from First American CoreLogic’s industry-leading property information database.
LoanPerformance HPI provides multi-tier market evaluation based on price, time between sales, property type and loan type (conforming vs. nonconforming). With LoanPerformance HPI, users can monitor real estate trends by market, identify at-risk markets as they unfold, selectively evaluate markets by tier and fine tune investment strategies.
LoanPerformance HPI is delivered through the TrueStandings® Web-based business intelligence platform, which provides instant access to real estate price trends in all of the key local markets in the United States. Data can be sorted by time period, state, county, CBSA and ZIP code. In addition, all LoanPerformance HPI indices are available monthly for download via file transfer protocol (FTP).
###
