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CoreLogic Home Price Index Rises for the 10th Consecutive Month in December; Biggest Year-Over-Year Increase Since May 2006

 CoreLogic Home Price Index Rises for the 10th Consecutive Month in December;
                Biggest Year-Over-Year Increase Since May 2006

--Pending HPI Indicates Growth Continued in January--

PR Newswire

IRVINE, Calif., Feb. 5, 2013

IRVINE, Calif., Feb. 5, 2013 /PRNewswire/ --CoreLogic^® (NYSE: CLGX), a
leading residential property information, analytics and services provider,
today released its December CoreLogic HPI^® report. Home prices nationwide,
including distressed sales, increased on a year-over-year basis by 8.3 percent
in December 2012 compared to December 2011. This change represents the biggest
increase since May 2006 and the 10^th consecutive monthly increase in home
prices nationally. On a month-over-month basis, including distressed sales,
home prices increased by 0.4 percent in December 2012 compared to November
2012*. The HPI analysis shows that all but four states are experiencing
year-over-year price gains.

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

The CoreLogic Pending HPI indicates that January 2013 home prices, including
distressed sales, are expected to rise by 7.9 percent on a year-over-year
basis from January 2012 and fall by 1 percent on a month-over-month basis from
December 2012, reflecting a seasonal winter slowdown. Excluding distressed
sales, January 2013 house prices are poised to rise 8.6 percent year over year
from January 2012 and by 0.7 percent month over month from December 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.

"December marked 10 consecutive months of year-over-year home price
improvements, and the strongest growth since the height of the last housing
boom more than six years ago," said Mark Fleming, chief economist for
CoreLogic. "We expect price growth to continue in January as our Pending HPI
shows strong year-over-year appreciation."

"We are heading into 2013 with home prices on the rebound," said Anand
Nallathambi, president and CEO of CoreLogic. "The upward trend in home prices
in 2012 was broad based with46 of 50 states registering gains for the year.
All signals point to a continued improvement in the fundamentals underpinning
the U.S. housing market recovery."

Highlights as of December 2012:

  oIncluding distressed sales, the five states with the highest home price
    appreciation were: Arizona (+20.2 percent), Nevada (+15.3 percent), Idaho
    (+14.6 percent), California (+12.6 percent) and Hawaii (+12.5 percent).
  oIncluding distressed sales, this month only four states posted home price
    depreciation: Delaware (-3.4 percent), Illinois (-2.7 percent), New
    Jersey (-0.9 percent) and Pennsylvania (-0.5 percent).
  oExcluding distressed sales, the five states with the highest home price
    appreciation were: Arizona (+16.4 percent), Nevada (+14.7 percent),
    California (+12.8 percent), Hawaii (+11.7 percent) and North Dakota (+10.8
    percent).
  oExcluding distressed sales, this month only three states posted home price
    depreciation: Delaware (-1.9 percent), Alabama (-1.0 percent) and New
    Jersey (-0.5 percent).
  oIncluding distressed transactions, the peak-to-current change in the
    national HPI (from April 2006 to December 2012) was -26.9 percent.
    Excluding distressed transactions, the peak-to-current change in the HPI
    for the same period was -20.8 percent.
  oThe five states with the largest peak-to-current declines, including
    distressed transactions, were Nevada (-52.4 percent), Florida (-43.5
    percent), Arizona (-39.8 percent), Michigan (-36.5 percent) and California
    (-35.4 percent).
  oOf the top 100 Core Based Statistical Areas (CBSAs) measured by
    population, only 16 are showing year-over-year declines in December, two
    fewer than in November.

*November 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.

Table 1: December HPI for the Country's Largest CBSAs by Population (Sorted by
Single Family Including Distressed)

Table 2: December National and State HPI (Sorted by Single Family Including
Distressed)

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

Map 1: Single-Family Combined Excluding Distressed Series
12-Month Change by State

Map 2: Single-Family Combined Series
12-Month Change by State

Methodology
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 6,813 ZIP codes (58
percent of total U.S. population), 625 Core Based Statistical Areas (86
percent of total U.S. population) and 1,199 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 bill@campbelllewis.com. 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
visit www.corelogic.com.

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

SOURCE CoreLogic

Website: http://www.corelogic.com
Contact: For real estate industry and trade media: Bill Campbell,
bill@campbelllewis.com, +1-212-995-8057 (office), +1-917-328-6539 (mobile);
For general news media: Lori Guyton, lguyton@cvic.com, +1-901-277-6066