Cotality

CoreLogic HPI Slips into Negative Column 

Following four consecutive month-over-month gains, home prices fell by 0.4% according to CoreLogic's August Home Price Index.   On a year-over-year basis, the index of national home prices, including distressed sales is down 4.4% from the previous August, a slight improvement from the 4.8% decline reported in July.  When distressed sales are excluded, home prices declined 0.7% when compared to the previous year. “Although the calendar says August, the end of the summer traditionally marks the beginning of 'fall' for the housing market as it begins to prepare for 'winter.' So the slight month-over-month decline was predictable, particularly given