Recent Updates

  • Korea: Domestic Tourism (2021)
  • Australia: Retail Trade (Aug-Prelim), Value of Construction (Q2)
  • Andorra: Fuel Imports, Energy Consumption (Jul-Aug)
  • Australia: Engineering Construction Activity (Q2)
  • New Zealand: Employment Indicators (Aug)
  • more updates...

Economy in Brief

U.S. Home Prices Continue to Firm
by Tom Moeller  November 5, 2013

According to the CoreLogic House Price Index, home prices including distressed sales inched up just 0.2% during September after a 0.7% August rise. The increase was the slowest since January. The y/y gain, however, improved to 12.0%, its quickest since early-2006. Haver Analytics constructs a seasonally adjusted index which adjusts home prices for the slowdown expected following the peak spring selling season. This index rose 1.0% in September, its strongest gain since May.

House prices excluding distressed sales improved 0.3% during September following a 0.6% August rise. The year-to-year increase rose to another peak of 10.8%. The seasonally adjusted index excluding distressed sales gained 1.2% during September after a 1.0% August increase.

The CoreLogic House Price Index is a repeat-sales index that tracks increases and decreases in sales prices for the same homes over time, which provides a more accurate "constant-quality" view of pricing trends than basing analysis on all home sales. The CoreLogic HPI covers 6,070 ZIP codes (58 percent of total U.S. population).

CoreLogic House Price Indexes (% Chg.) Sep Aug Jul Y/Y 2012 2011 2010
National HPI including Distressed Sales 0.2 0.7 1.2 12.0 3.8 -4.0 -0.4
Seasonally Adjusted HPI, by Haver Analytics 1.0 0.9 0.8 -- -- -- --
large image