Home prices in the U.S. decreased by 1.3 percent in October, in their third straight month-over-month decline, according to data released today by real estate analytics provider CoreLogic.

Prices of existing single-family homes, also declined, by 3.9 percent year-over-year, an increase from September’s year-over-year decline of 3.8 percent.. The year-over-year decline was 0.5 percent when excluding distressed sales.

However, in the New York-White Plains-Wayne, N.J. area, home prices increased by 2.6 percent year-over-year in October, including distressed sales. The decline was a greater 3.6 percent when distressed sales were excluded. – Guelda Voien
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Source: CoreLogic (click to enlarge)

National housing prices declined on both a month-over-month and year-over-year basis in September, according to the Housing Market Index released yesterday by CoreLogic, but the news was far better for the New York City area.

The New York-White Plains-Wayne, N.J. market experienced a 2.2 percent increase in single-family housing prices between September 2010 and September 2011, taking into account distressed sales. Excluding those sales, the year-over-year increase was 2.9 percent. – Adam Fusfeld [more]

Click to enlarge

U.S. home prices are incrementally increasing, but that appears to be a seasonal shift as prices remain far below levels of a year ago. According to the June Home Price Index released today by analytics firm CoreLogic, nationwide single-family housing prices gained 0.7 percent in June compared to May, marking the third consecutive month-over-month gain in prices. But prices are still down 6.8 percent from June 2010, an even worse decline than the 6.7 percent experienced from May 2010 to May 2011. That suggests the increase is almost entirely due to seasonality. – Adam Fusfeld [more]

(Source: CoreLogic)

Home prices nationwide began to stabilize in the second half of 2011, a positive indicator for consumer spending, according to a report by CoreLogic released today. In May 2011, excluding distressed sales, the Housing Price Index only dropped 0.4 percent, compared to a decline of 7.4 percent for the Housing Price Index for all transactions. Another positive sign, the report says, is that the Housing Price Index, which even including distressed sales, increased between March and April, for the first time in more than six months, and continued up between April and May.
– Miranda Neubauer [more]

New York led a second consecutive month of U.S. housing price gains, according to the May Housing Price Index released today by CoreLogic. Nationwide home prices rose slightly in May compared to April, but remained far below their levels a year ago. Including distressed sales, prices rose 0.8 percent compared to April, but were stuck at 7.4 percent less than May 2010. However, excluding distressed sales, the year-over-year decline was just 0.4 percent.
“Two consecutive months of month-over-month growth and continued relative strength in the non-distressed market segment are positive seasonal signs in the housing market,” said Mark Fleming, CoreLogic’s chief economist. – Adam Fusfeld [more]