CoreLogic® Home Price Index Rises 7.4 Percent Year Over Year in November

   CoreLogic® Home Price Index Rises 7.4 Percent Year Over Year in November

--Almost All States Show Positive Growth--

PR Newswire

IRVINE, Calif., Jan. 15, 2013

IRVINE, Calif., Jan. 15, 2013 /PRNewswire/ --CoreLogic^® (NYSE: CLGX), a
leading provider of information, analytics and business services, today
released its November CoreLogic HPI^® report. Home prices nationwide,
including distressed sales, increased on a year-over-year basis by 7.4 percent
in November 2012 compared to November 2011. This change represents the biggest
increase since May 2006 and the ninth consecutive increase in home prices
nationally on a year-over-year basis. On a month-over-month basis, including
distressed sales, home prices increased by 0.3 percent in November 2012
compared to October 2012*. The HPI analysis shows that all but six states are
experiencing year-over-year price gains.

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Excluding distressed sales, home prices nationwide increased on a
year-over-year basis by 6.7 percent in November 2012 compared to November
2011. On a month-over-month basis excluding distressed sales, home prices
increased 0.9 percent in November 2012 compared to October 2012. Distressed
sales include short sales and real estate owned (REO) transactions.

The CoreLogic Pending HPI indicates that December 2012 home prices, including
distressed sales, are expected to rise by 7.9 percent on a year-over-year
basis from December 2011 and fall by 0.5 percent on a month-over-month basis
from November 2012reflecting a seasonal winter slowdown. Excluding distressed
sales, December 2012 house prices are poised to rise 8.4 percent
year-over-year from December 2011 and by 0.7 percent month-over-month from
November 2012. The CoreLogic Pending HPI is a proprietary and exclusive metric
that provides the most current indication of trends in home prices. It is
based on Multiple Listing Service (MLS) data that measure price changes for
the most recent month.

"As we close out 2012 the pending index suggests prices will remain strong,"
said Mark Fleming, chief economist for CoreLogic. "Given that the recently
released Qualified Mortgage rules issued by the Consumer Financial Protection
Bureau are not expected to significantly restrict credit availability relative
to today, the gains made in 2012 will likely be sustained into 2013."

"For the first time in almost six years, most U.S. markets experienced
sustained increases in home prices in 2012," said Anand Nallathambi, president
and CEO of CoreLogic. "We still have a long way to go to return to 2005-2006
levels, but all signals currently point to a progressive stabilization of the
housing market and the positive trend in home price appreciation to continue
into 2013." 

Highlights as of November 2012:

  oIncluding distressed sales, the five states with the highest home price
    appreciation were: Arizona (+20.9 percent), Nevada (+14.2 percent), Idaho
    (+13.8 percent), North Dakota (+11.3 percent), California (+11.1 percent).
  oIncluding distressed sales, the five states with the lowest home price
    depreciation were: Delaware (-4.9 percent), Illinois (-2.2 percent),
    Connecticut (-0.5 percent), New Jersey (-0.5 percent) and Rhode Island
    (-0.3 percent).
  oExcluding distressed sales, the five states with the highest home price
    appreciation were: Arizona (+16.5 percent), North Dakota (+12.9 percent),
    Nevada (+12.6 percent), Hawaii (+11.6 percent) and Idaho (+11.6 percent).
  oExcluding distressed sales, this month only two states posted home price
    depreciation: Delaware (-3.5 percent) and Alabama (-2.2 percent).
  oIncluding distressed transactions, the peak-to-current change in the
    national HPI (from April 2006 to November 2012) was -26.8 percent.
    Excluding distressed transactions, the peak-to-current change in the HPI
    for the same period was -20.7 percent.
  oThe five states with the largest peak-to-current declines, including
    distressed transactions, were Nevada (-52.9 percent), Florida (-44.3
    percent), Arizona (-39.8 percent), California (-35.8 percent) and Michigan
    (-35.4 percent).
  oOf the top 100 Core Based Statistical Areas (CBSAs) measured by
    population, only thirteen are showing year-over-year declines in November,
    seven fewer than in October.

*October data was revised. Revisions with public records data are standard,
and to ensure accuracy, CoreLogic incorporates the newly released public data
to provide updated results.

November HPI for the Country's Largest CBSAs by Population (Sorted by Single
Family Including Distressed)

November National and State HPI (Sorted by Single Family Including Distressed)

Figure 1 - Home Price Index
Percentage Change Year-Over-Year

HPI Single-Family Combined Series
12-Month Change by State

HPI Single-Family Combined Excluded Distressed Series
12-Month Change by State

The CoreLogic HPI incorporates more than 30 years' worth of repeat sales
transactions, representing more than 65 million observations sourced from
CoreLogic industry-leading property information and its securities and
servicing databases. The CoreLogic HPI provides a multi-tier market evaluation
based on price, time between sales, property type, loan type (conforming vs.
nonconforming) and distressed sales. The CoreLogic HPI is a repeat-sales index
that tracks increases and decreases in sales prices for the same homes over
time, including single-family attached and single-family detached homes, which
provides a more accurate "constant-quality" view of pricing trends than basing
analysis on all home sales. The CoreLogic HPI provides the most comprehensive
set of monthly home price indices available covering 6,797 ZIP codes (58
percent of total U.S. population), 625 Core Based Statistical Areas (86
percent of total U.S. population) and 1,196 counties (84 percent of total U.S.
population) located in all 50 states and the District of Columbia.

Source: CoreLogic
The data provided is for use only by the primary recipient or the primary
recipient's publication or broadcast. This data may not be re-sold,
republished or licensed to any other source, including publications and
sources owned by the primary recipient's parent company without prior written
permission from CoreLogic. Any CoreLogic data used for publication or
broadcast, in whole or in part, must be sourced as coming from CoreLogic, a
data and analytics company. For use with broadcast or web content, the
citation must directly accompany first reference of the data. If the data is
illustrated with maps, charts, graphs or other visual elements, the CoreLogic
logo must be included on screen or website. For questions, analysis or
interpretation of the data, contact Lori Guyton at lguyton@cvic.comor Bill
Campbell at Data provided may not be modified without
the prior written permission of CoreLogic. Do not use the data in any unlawful
manner. This data is compiled from public records, contributory databases and
proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading property information, analytics and
services provider in the United States and Australia. The company's combined
data from public, contributory, and proprietary sources includes over 3.3
billion records spanning more than 40 years, providing detailed coverage of
property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance, capital
markets, transportation and government. CoreLogic delivers value to clients
through unique data, analytics, workflow technology, advisory and managed
services. Clients rely on CoreLogic to help identify and manage growth
opportunities, improve performance and mitigate risk. Headquartered in Irvine,
Calif., CoreLogic operates in seven countries. For more information, please

CORELOGIC, the CoreLogic logo and HPI are trademarks of CoreLogic, Inc. and/or
its subsidiaries.

SOURCE CoreLogic

Contact: For real estate industry and trade media: Bill Campbell,, +1-212-995-8057 (office), +1-917-328-6539 (mobile);
For general news media: Lori Guyton,, +1-901-277-6066
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