CoreLogic Home Price Index Rises by Almost 10 Percent Year Over Year in January

   CoreLogic Home Price Index Rises by Almost 10 Percent Year Over Year in

-- Pending HPI Projects Solid Growth in February --

PR Newswire

IRVINE, Calif., March 5, 2013

IRVINE, Calif., March 5, 2013 /PRNewswire/ -- CoreLogic^® (NYSE: CLGX), a
leading residential property information, analytics and services provider,
today released its January CoreLogic HPI^® report. Home prices nationwide,
including distressed sales, increased on a year-over-year basis by 9.7 percent
in January 2013 compared to January 2012. This change represents the biggest
increase since April 2006 and the 11^th consecutive monthly increase in home
prices nationally. On a month-over-month basis, including distressed sales,
home prices increased by 0.7 percent in January 2013 compared to December
2012*. The HPI analysis shows that all but two states, Delaware and Illinois,
are experiencing year-over-year price gains.

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Excluding distressed sales, home prices increased on a year-over-year basis by
9.0 percent in January 2013 compared to January 2012. On a month-over-month
basis, excluding distressed sales, home prices increased 1.8 percent in
January 2013 compared to December 2012. Distressed sales include short sales
and real estate owned (REO) transactions.

The CoreLogic Pending HPI indicates that February 2013 home prices, including
distressed sales, are expected to rise by 9.7 percent on a year-over-year
basis from February 2012 and fall by 0.3 percent on a month-over-month basis
from January 2013, reflecting a seasonal winter slowdown. Excluding distressed
sales, February 2013 home prices are poised to rise 11.3 percent year over
year from February 2012 and by 1.8 percent month over month from January 2013.
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

"The HPI showed strong growth during the typically slow winter season," said
Mark Fleming, chief economist for CoreLogic. "With these gains, the housing
market is poised to enter the spring selling season on sound footing. The
improvements are materializing across the country, with all but Delaware and
Illinois showing increasing HPI and 15 states within 10 percent of their peak

"Home prices continued to gather steam across a broad swath of the country in
January, continuing the positive trend we saw during most of 2012," said Anand
Nallathambi, president and CEO of CoreLogic. "Many states across the western
U.S. and along the East Coast saw average price gains of more than 6 percent,
which is likely to boost homesale activity into the first half of 2013."

Highlights as of January 2013:

  oIncluding distressed sales, the five states with the highest home price
    appreciation were: Arizona (+20.1 percent), Nevada (+17.4 percent), Idaho
    (+14.9 percent), California (+14.1 percent) and Hawaii (+14.0 percent).
  oIncluding distressed sales, this month only two states posted home price
    depreciation: Illinois (-0.4 percent) and Delaware (-0.1 percent).
  oExcluding distressed sales, the five states with the highest home price
    appreciation were: Nevada (+17.5 percent), Arizona (+16.5 percent),
    California (+14.5 percent), Hawaii (+13.9 percent) and Idaho (+13.2
  oExcluding distressed sales, no states posted home price depreciation in
  oIncluding distressed transactions, the peak-to-current change in the
    national HPI (from April 2006 to January 2013) was -26.4 percent.
    Excluding distressed transactions, the peak-to-current change in the HPI
    for the same period was -19.9 percent.
  oThe five states with the largest peak-to-current declines, including
    distressed transactions, were Nevada (-51.6 percent), Florida (-43.0
    percent), Arizona (-38.9 percent), Michigan (-37.4 percent) and Rhode
    Island (-35.5 percent).
  oOf the top 100 Core Based Statistical Areas (CBSAs) measured by
    population, 92 are showing year-over-year increases in January, up from 87
    in December.

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

Table 2: January National and State HPI (Sorted by Single Family Including

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

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

Map 2: Single-Family Combined Excluding 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 6,813 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 or 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; For general news media: Lori Guyton,, +1-901-277-6066
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