forget to seasonally adjust the Core Logic...
since they don't do it to themselves.
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What is most striking is that "location" means a great deal of money.
And, NOTE:
While home prices appear to be going up in NYC...
they also have a huge backlog of foreclosures...
that are NOT being sold - yet.
As bad as Florida was, and is, New York will be MUCH worse.
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This is the tenth straight month of year-over-year declines
and the index is still 2.4% below the March 2009 low
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Prices fell the most in May in Idaho, dropping 16.4%.
Michigan home prices declined nearly 13%,
Arizona prices decreased 12.1% and
Illinois prices slid 11.8%.
Home prices in Nevada last month were 11.6% lower than April prices.
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Home prices rose the most in New York last month with a 4.4% gain,
followed by Vermont with a 3.9% increase and
North Dakota at 3.8%
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including distressed sales, is 32.7% lower than the April 2006 peak.
Excluding sales of distressed properties, the index is 21.1% lower since the high of five years ago.
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CoreLogic Home Price Index
Shows Second Consecutive Month-Over-Month Increase
(BUT This is the tenth straight month of year-over-year declines)
http://www.prnewswire.com/
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CoreLogic May home price index rose 0.8%
http://www.housingwire.com/2011/06/30/corelogic-may-home-price-index-rose-0-8
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CoreLogic: May Home Price Index increased 0.8%
http://www.calculatedriskblog.com/2011/06/corelogic-may-home-price-index.html
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