This is the fifth straight month of year-over-year declines, and the sixth straight month of month-to-month declines.
The index is only 0.07% above the low set in March 2009 (essentially the low)… A new post-bubble low for this index is expected with the release of their January numbers.
The Good News is…
Valuations during past three years seem to be in a ‘holding’ pattern with the greatest part of home valuations lost between 2007 and 2009. Current valuations hover at about 2004 price levels.
CoreLogic (NYSE: CLGX) provides business and government with analytics, information and outsourcing solutions. www.corelogic.com
The graph shows the national CoreLogic yearly data since 1976 with January 2000 = 100.