Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

September decline in US Home Prices

By Bill Anderson Cooper

According to Corelogic, information providers and analysts, home prices decreased in September by 0.3% after a month-over-month analysis when compared to August 2012 representing the first ever decline since February the same year.

However, on a year-over-year basis, home prices showed a trendy rise of 5% in September 2012 compared to the same period the previous year representing the largest increase since July 2006 and also becoming the seventh consecutive rise in home prices nationally on a year-over-year basis.

According to Corelogic chief economist Mark Fleming, most states are exhibiting price increases despite decline on prices on a month-over-month basis, with gains being attributed to the former housing-bubble and energy industry-concentrated states.

Capital Economics, however note that Corelogic’s house measurements are not seasonally adjusted, adding that the downturn is seasonal and should not be surprising.

You must log in to post a comment.