Articles Tagged with ''Mark Fleming''

Year-over-Year Home Price Declines Continue: Report

Home prices have declined by at least 10 percent on a year-over-year basis for 11 consecutive months and February preview data indicates the trend will continue, according to a report released Monday by First American CoreLogic. National resale housing prices fell 11.6 percent in January from a year ago. The number of metropolitan markets experiencing price declines was, by far, the highest level tracked by American CoreLogic's LoanPerformance Home Price Index, the company said.
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20% of Mortgages Underwater in December: Report

More than 8.3 million U.S. mortgages or 20 percent of all mortgaged properties were in a negative equity position at year-end 2008, according to data released by First American CoreLogic Wednesday. This is compared to the 7.6 million or 18 percent of borrowers who were underwater at the end of the third quarter.
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Home Prices to Decline into 2010, Economists Say

Home price declines may continue through 2009 and bottom-out at the end of the year at the earliest, although recovery may not begin until mid-2010 and will take several years, according to one economist that spoke at an outlook panel at the American Securitization Forum taking place this week in Las Vegas.
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Home Prices Drop 10.6% in 2008: Report

In the largest decline in over 30 years, National home prices dropped 10.6 percent in 2008, according to First American CoreLogic's LoanPerformance Home Price Index released Monday. Since U.S. home prices reached their peak in 2006, prices have declined a cumulative 18.5 percent.
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Economist Sees Ray of Hope for Home Prices

The rate of decline in home prices across key U.S. markets continued to slow in October compared to one year earlier, evidence of what one economist says may be a forming trough in home price depreciation. A home price index published by First American CoreLogic, released earlier this week, found that home prices across the country declined 10.4 percent in October, representing a slight improvement over Sept.'s reported 11.2 percent decline.
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Economic Picture Pressures Housing, Foreclosures

In applied statistics, it's called the second derivative -- the basic concept of a derivative can be thought of as how much a quantity is changing at some given point, and a second derivative is the measure of how much that change is itself changing. While it's a somewhat obtuse concept, it describes to a tee what's now being seen in many of the nation's housing markets, according to data issued Wednesday by First American CoreLogic.
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Home Price Declines Stabilize in July: Report

During July, U.S. nominal home prices declined 10.9 percent from average prices one year ago, according to data released Tuesday afternoon by First American CoreLogic; the company also said that an early look at August's data suggests a similar 10.8 percent annualized price drop. The company's LoanPerformance Home Price Index has suggested a slowing in the rate of price declines nationwide the past few months, even if the price drops remain well into double-digit territory.
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Home Price Declines Aren't Getting Worse: Report

While national price declines continue, nominal price drops have somewhat stabilized, according to June housing price data released by First American CoreLogic this week. Of course, that stabilization still means double-digit depreciation on a national level year-over-year; but there is at least some emerging evidence that at least the rate of decline has leveled off.
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Report: Home Price Declines Ebbing?

Some data released Wednesday by First American CoreLogic has raised hopes among some in the industry that the recent freefall in national housing prices may possibly be nearing some sort of end. The company, which tracks home prices across 7,544 ZIP codes, 958 core-based statistical areas and 677 counties located in all 50 states and the District of Columbia, said Wednesday that the annualized rate of home price declines in the U.S.
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Real Price Declines Swamping Nominal Home Price Trends: First American

That inflation monster investors are worried about? It may prove to have a strong bite on housing just yet, according to data released Monday morning by First American CoreLogic. A look at data spanning 957 core-based statistical areas nationwide, part of the Loan Performance Housing Price Index series, found that an overwhelming number of metropolitan areas are feeling inflation's growing pinch.
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