SlideShare una empresa de Scribd logo
1 de 10
Descargar para leer sin conexión
CoreLogic®
Case-Shiller Indexes®
Report
FIRST QUARTER 2013
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 22
CORELOGIC CASE-SHILLER HOME PRICE INDEXES –
MAJOR MARKET OVERVIEW
► Home Prices Surged in the First Quarter of 2013, the First Double-Digit Gain Since
the Peak of the Housing Bubble
► Nationally, Home Prices Are Still Significantly Below Their Peak, Reducing
Concerns of a New Housing Bubble
► Price Appreciation Is Projected to Moderate in 2014 As Home Prices and
Mortgage Interest Rates Rise and Home Inventories Increase
U.S. HOME PRICES
10.2%IN Q1 2013
Home prices surged by 10.2 percent in the first quarter
of 2013, the first double-digit gain since the peak of the
housing bubble in 2006. Prices in metro areas at the center
of the housing bubble rebounded sharply, with Phoenix up
23 percent, Sacramento up 21 percent, Detroit up 18 percent
and Miami up 14 percent. Extremely limited inventory in
each of these metros is boosting prices. Similarly, Bismarck,
N.D., is up 13 percent due to strong demand from oil and
natural gas workers, which is outpacing supply.
PRICES ROSE IN
296OUT OF 384 METROS IN Q1 2013
Home prices increased year over year in 296, or 77 percent,
of metropolitan areas (Core Based Statistical Areas) in the
first quarter of 2013. Although some metro areas are still
posting year-over-year decreases, it is likely that all metro
markets will post positive annual appreciation by year’s end.
“Record levels of affordability, a slowly improving job market, and very small
inventories of new and existing homes for sale will continue to drive U.S. home
price appreciation during the summer.”
Dr. David Stiff, chief economist for CoreLogic Case-Shiller
The CoreLogic Case-Shiller Indexes cover more than 380 U.S. markets. This
includes thousands of ZIP codes, counties, metro areas and state markets.
Proprietary CoreLogic Case-Shiller home price trend information is
supplemented by Federal Housing Finance Agency data.
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 3
HOME PRICE PROJECTIONS*
► ONE-YEAR TREND
HOME PRICES ARE EXPECTED TO RISE BY
6.5%from the first quarter of 2013 through the same quarter of 2014.
Record levels of affordability, a slowly improving job market, and tight inventories of new and
existing homes will continue to drive double-digit appreciation through the summer. The supply
of active listings ranges from three months in Detroit, Phoenix and Sacramento to five and a half
months in Miami, indicating sellers’ markets. As home prices rise in lagging markets, the national
rate of appreciation also increases.
“We expect strong buying activity this spring will lead
to stabilization of home prices in most lagging markets,
resulting in rising home prices in nearly every metro area
by the end of 2013.”
Dr. David Stiff, chief economist for CoreLogic Case-Shiller
*The CoreLogic Case-Shiller forecasts are produced by CoreLogic and Moody’s Analytics.
CONTINUED ON
PAGE 4
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 44
HOME PRICE PROJECTIONS*
► LONGER-TERM TRENDS
THE CORELOGIC CASE-SHILLER INDEXES PROJECT A CONTINUED TREND OF RISING
HOME PRICES OVER THE NEXT FIVE YEARS. HOME PRICES ARE EXPECTED TO RISE
AT AN ANNUALIZED RATE OF
4.0%from the first quarter of 2013 through the first quarter of 2018.
Price gains are projected to decelerate from a double-digit pace in 2014 as increasing mortgage
rates and home prices decrease affordability.
Better balance between supply and demand also moderates price increases. Homeowners whose
properties had been underwater before the recent price surge may consider selling to lock in
gains. With more favorable pricing, developers also ramp up building activity, which adds to
available supply.
Home price appreciation is projected to slow to 5.6 percent between the first quarter of 2014 and
the first quarter of 2015.
*The CoreLogic Case-Shiller forecasts are produced by CoreLogic and Moody’s Analytics.
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 55
U.S. METROS HOME PRICE HIGHLIGHTS
POPULATION 950,000+
► Five metro areas recording largest year-over-year gains through the first quarter of 2013
SAN JOSE PHOENIX SAN FRANCISCO SACRAMENTO LAS VEGAS
+23.7% +22.8% +21.1% +21.0% +20.9%
► Five metro areas with year-over-year declines or smallest gains through the first
quarter of 2013
LONG ISLAND KANSAS CITY, MO HARTFORD NEWARK EDISON, NJ
-1.4% -0.4% +1.2% +1.2% +1.4%
► Five metro areas with largest three-year home price gains through the first quarter of 2013
DETROIT PHOENIX SAN JOSE WARREN, MICH HOUSTON
+36.5% +18.8% +18.5% +14.5% +14.3%
► Five metro areas with largest three-year home price declines through the first quarter of 2013
VIRGINIA BEACH CAMDEN, NJ TUCSON CHICAGO EDISON, NJ
-9.0% -8.5% -7.0% -6.5% -6.5%
“Although a small number of metropolitan areas show year-over-year
declines, it is likely that home prices in these cities will turn positive
by the end of the year.”
Dr. David Stiff, chief economist for CoreLogic Case-Shiller
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 66
U.S. METROS HOME PRICE PROJECTION HIGHLIGHTS
POPULATION 950,000+
► Five metro areas with highest one-year projected increase through the first quarter of 2014
SAN FRANCISCO HARTFORD BALTIMORE LOS ANGELES SACRAMENTO
+10.5% +9.8% +9.6% +8.4% +7.8%
► Only four metro areas have projected declines through the first quarter of 2014
MIAMI FT. LAUDERDALE ORLANDO HOUSTON
-2.7% -2.6% -1.6% -0.1%
“Building activity has increased more slowly than expected,
mostly because of the uneven economic recovery. Builder
confidence, which leads to construction activity, has been
soaring, so the pace of new construction is expected to
increase more rapidly.”
Dr. David Stiff, chief economist for CoreLogic Case-Shiller
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 77
Forecast
Actual
MAJOR MARKETS HIGHLIGHTS
► Year-Over-Year Home Price Changes
U.S. Single-Family
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
2000
2001
2002
2003
2004
20052
062006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Average annual appreciation
since 1976 (5%)
Sources: CoreLogic Case-Shiller, Moody’s Analytics
► Metro Area 3-Year Price Changes (Q1 2010 – Q1 2013)
Sources: CoreLogic Case-Shiller, FHFA, Moody’s Analytics
10% Increase
or More
0% to 10%
Increase
-5% to 0%
Decline
-5% Decline
or More
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 88
CONTINUED ON
PAGE 9
SELECTED METRO AREAS
METRO AREA
POPULATION
(2012)
CHANGE IN
HOME PRICES
(Q1 2012 TO
Q1 2013)
CHANGE IN
HOME PRICES
(Q1 2010 TO
Q1 2013)
FORECAST
CHANGE IN
HOME PRICES
(Q1 2013 TO
Q1 2014)
San Jose, Calif. 1,894,388 23.7% 18.5% 7.4%
Phoenix 4,329,534 22.8% 18.8% 5.1%
San Francisco 1,821,243 21.1% 13.3% 10.5%
Sacramento, Calif. 2,196,482 21.0% 6.6% 7.8%
Las Vegas 2,000,759 20.9% 6.2% 5.6%
Atlanta 5,439,950 19.2% -5.4% 4.9%
Detroit 1,792,365 18.2% 36.5% 5.7%
Los Angeles 9,962,789 17.6% 11.0% 8.4%
Riverside, Calif. 4,350,096 15.0% 10.0% 0.2%
Orlando, Fla. 2,223,674 14.6% 6.3% -1.6%
Miami 2,591,035 14.2% 13.7% -2.7%
Warren, Mich. 2,499,695 12.9% 14.5% 2.8%
Houston 6,204,161 12.2% 14.3% -0.1%
Tampa, Fla. 2,842,878 11.9% 2.2% 2.3%
Salt Lake City 1,161,715 11.5% 7.0% 5.9%
W. Palm Beach, Fla. 1,356,545 11.4% 1.2% 0.6%
Tucson, Ariz. 992,394 11.0% -7.0% 7.2%
Jacksonville, Fla. 1,377,850 9.9% -3.3% 1.4%
Fort Lauderdale, Fla. 1,815,137 9.5% 8.0% -2.6%
San Antonio 2,234,003 9.2% 9.6% 3.9%
Chicago 7,945,578 8.6% -6.5% 6.5%
Nashville, Tenn. 1,644,703 7.5% 4.3% 1.2%
Indianapolis, Ind. 1,798,634 7.4% 2.6% 0.7%
Austin, Texas 1,834,303 7.0% 8.9% 2.3%
Virginia Beach, Va. 1,694,900 6.0% -9.0% 2.8%
New Orleans, La. 1,205,374 5.9% 3.1% 3.3%
U.S. METROS
Q1 2013
3-year change:
3.5%
1-year change:
10.2%
1-year forecast:
6.5%
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 99
METRO AREA
POPULATION
(2012)
CHANGE IN
HOME PRICES
(Q1 2012 TO
Q1 2013)
CHANGE IN
HOME PRICES
(Q1 2010 TO
Q1 2013)
FORECAST
CHANGE IN
HOME PRICES
(Q1 2013 TO
Q1 2014)
Richmond, Va. 1,282,305 5.8% -3.9% 3.3%
Milwaukee, Wis. 1,566,981 5.0% -3.9% 4.8%
St. Louis, Mo. 2,845,721 5.0% -6.2% 2.6%
Columbus, Ohio 1,878,714 4.9% 3.6% 3.9%
Baltimore 2,753,149 3.9% -3.1% 9.6%
Fort Worth, Texas 2,213,738 3.4% 6.5% 3.6%
Camden, N.J. 1,254,461 2.4% -8.5% 5.5%
Raleigh, N.C. 1,188,564 2.0% -0.6% 0.7%
Philadelphia 4,050,793 1.9% -4.7% 5.4%
Edison, N.J. 2,360,602 1.4% -6.5% 3.9%
Hartford, Conn. 1,214,400 1.2% -6.5% 9.8%
Kansas City, Mo. 2,064,630 -0.4% 0.8% 0.7%
Nassau-Suffolk (Long Island), N.Y. 2,848,506 -1.4% -3.4% 2.8%
SELECTED METRO AREAS
U.S. METROS
Q1 2013
3-year change:
3.5%
1-year change:
10.2%
1-year forecast:
6.5%
CORELOGIC® CASE-SHILLER INDEXES® REPORT
FIRST QUARTER 2013
© 2013 CoreLogic — Proprietary and confidential. This material may not be
reproduced in any form without express written permission. 1010
CORELOGIC CASE-SHILLER INDEXES METHODOLOGY
THE LONGEST-STANDING, MOST HIGHLY RECOGNIZED BRAND OF HOME PRICE INDEXES
CoreLogic Case-Shiller Indexes use the repeat sales method for index calculation, analyzing data
on single-family properties that have two or more recorded sales transactions. Changes in housing
types and sizes, or changes in the physical characteristics of houses are specifically excluded
from the calculations to avoid incorrectly affecting the index value. The principal variable used
for index calculation is the price change between two arms-length sales of the same single-family
home. Sales pairs with approved data are aggregated with all other sales pairs found in a particular
Census division, state, metro area, county, or ZIP code market to independently calculate each
Case-Shiller index. The national index is a composite of the Case-Shiller Census division indexes.
Different weights are assigned to different changes in home prices, based on their statistical
distribution in that geographic region. The weighting schemes include price anomalies, high
turnover frequency, time interval adjustments and initial home value. Case-Shiller Indexes include
data covering thousands of ZIP codes, counties, metro areas and state markets.
ABOUT CORELOGIC
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in
the United States and Australia. The Company’s combined data from public, contributory, and
proprietary sources includes over 3.3 billion records spanning more than 40 years, providing
detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets CoreLogic serves include
real estate and mortgage finance, insurance, capital markets, transportation and government.
CoreLogic delivers value to clients through unique data, analytics, workflow technology,
advisory and managed services. Clients rely on CoreLogic to help identify and manage growth
opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic
operates in seven countries. For more information, please visit www.corelogic.com.
CoreLogic, the CoreLogic logo and CoreLogic Case-Shiller are trademarks of CoreLogic, Inc. and/or its subsidiaries.
CONTACT
For more information, contact Dave Hurt at 301-365-0407 (dhurt@corelogic.com) or Brian Gunn at
415-536-3537 (bgunn@corelogic.com).
17-CSSHINDX2013Q1-0813-00

Más contenido relacionado

La actualidad más candente

San Francisco Real Estate Market Report August 2014
San Francisco Real Estate Market Report August 2014San Francisco Real Estate Market Report August 2014
San Francisco Real Estate Market Report August 2014
Ronny Budiutama
 
October 2014 Greater Boston Real Estate Market Trends Report
October 2014 Greater Boston Real Estate Market Trends ReportOctober 2014 Greater Boston Real Estate Market Trends Report
October 2014 Greater Boston Real Estate Market Trends Report
Unit Realty Group
 

La actualidad más candente (19)

Monthly Market Report - March 2018 from Physicians Agent™ Network
Monthly Market Report - March 2018 from Physicians Agent™ NetworkMonthly Market Report - March 2018 from Physicians Agent™ Network
Monthly Market Report - March 2018 from Physicians Agent™ Network
 
San Francisco Market Focus August 2013
San Francisco Market Focus August 2013San Francisco Market Focus August 2013
San Francisco Market Focus August 2013
 
San Francisco Real Estate Market Report August 2014
San Francisco Real Estate Market Report August 2014San Francisco Real Estate Market Report August 2014
San Francisco Real Estate Market Report August 2014
 
GBAR Monthly Housing Market Data November 2016
GBAR Monthly Housing Market Data November 2016GBAR Monthly Housing Market Data November 2016
GBAR Monthly Housing Market Data November 2016
 
2013 Annual Historical Data
2013 Annual Historical Data2013 Annual Historical Data
2013 Annual Historical Data
 
December 2016 Greater Boston Real Estate Market Trends
December 2016 Greater Boston Real Estate Market TrendsDecember 2016 Greater Boston Real Estate Market Trends
December 2016 Greater Boston Real Estate Market Trends
 
San francisco residential apr 2011 apr 2013
San francisco residential apr 2011   apr 2013San francisco residential apr 2011   apr 2013
San francisco residential apr 2011 apr 2013
 
Greater Boston Association of Realtors January 2017 Monthly Indicators Report
Greater Boston Association of Realtors January 2017 Monthly Indicators ReportGreater Boston Association of Realtors January 2017 Monthly Indicators Report
Greater Boston Association of Realtors January 2017 Monthly Indicators Report
 
Greater Boston Association of Realtors Monthly Housing Data: October 2016
Greater Boston Association of Realtors Monthly Housing Data: October 2016Greater Boston Association of Realtors Monthly Housing Data: October 2016
Greater Boston Association of Realtors Monthly Housing Data: October 2016
 
2021 Realtors Land Market Report
2021 Realtors Land Market Report 2021 Realtors Land Market Report
2021 Realtors Land Market Report
 
January 2018 San Francisco Market Update
January 2018 San Francisco Market UpdateJanuary 2018 San Francisco Market Update
January 2018 San Francisco Market Update
 
San Francisco Market Focus August 2017
San Francisco Market Focus August 2017San Francisco Market Focus August 2017
San Francisco Market Focus August 2017
 
San Francisco Market Focus Report July
San Francisco Market Focus Report JulySan Francisco Market Focus Report July
San Francisco Market Focus Report July
 
San Francisco Market Focus February 2017
San Francisco Market Focus February 2017San Francisco Market Focus February 2017
San Francisco Market Focus February 2017
 
Charlotte Real Estate Market Overview
Charlotte Real Estate Market OverviewCharlotte Real Estate Market Overview
Charlotte Real Estate Market Overview
 
San Francisco Market Focus Jan 2014
San Francisco Market Focus Jan 2014 San Francisco Market Focus Jan 2014
San Francisco Market Focus Jan 2014
 
October 2014 Greater Boston Real Estate Market Trends Report
October 2014 Greater Boston Real Estate Market Trends ReportOctober 2014 Greater Boston Real Estate Market Trends Report
October 2014 Greater Boston Real Estate Market Trends Report
 
San Francisco Market Focus October 2017
San Francisco Market Focus October 2017San Francisco Market Focus October 2017
San Francisco Market Focus October 2017
 
San Francisco Market Focus November 2016
San Francisco Market Focus November 2016San Francisco Market Focus November 2016
San Francisco Market Focus November 2016
 

Destacado (7)

Osig Annual Report 2008
Osig Annual Report 2008Osig Annual Report 2008
Osig Annual Report 2008
 
Blossoming Together Dr
Blossoming Together  DrBlossoming Together  Dr
Blossoming Together Dr
 
Namasmaran Bestseller On Superliving Dr. Shriniwas Kashalikar
Namasmaran Bestseller On Superliving  Dr. Shriniwas KashalikarNamasmaran Bestseller On Superliving  Dr. Shriniwas Kashalikar
Namasmaran Bestseller On Superliving Dr. Shriniwas Kashalikar
 
March Market Trends Report
March Market Trends ReportMarch Market Trends Report
March Market Trends Report
 
Up Close With Robert Shiller
Up Close With Robert ShillerUp Close With Robert Shiller
Up Close With Robert Shiller
 
2011 Annual Report
2011 Annual Report2011 Annual Report
2011 Annual Report
 
Naea 07-14
Naea 07-14Naea 07-14
Naea 07-14
 

Similar a Case shiller-indexes-report-q1-2013

2015 Mid-Year Viewpoint_Orange County_Multifamily
2015 Mid-Year Viewpoint_Orange County_Multifamily2015 Mid-Year Viewpoint_Orange County_Multifamily
2015 Mid-Year Viewpoint_Orange County_Multifamily
Courtney Bergk
 
MF_Market_Commentary_072315
MF_Market_Commentary_072315MF_Market_Commentary_072315
MF_Market_Commentary_072315
John-Louis Pane
 

Similar a Case shiller-indexes-report-q1-2013 (20)

Q3 2015 Industrial Brief
Q3 2015 Industrial BriefQ3 2015 Industrial Brief
Q3 2015 Industrial Brief
 
October Housing Report for Southwest California
October Housing Report for Southwest CaliforniaOctober Housing Report for Southwest California
October Housing Report for Southwest California
 
Wright Report: Northern CA Premier Residential Market Report
Wright Report: Northern CA Premier Residential Market ReportWright Report: Northern CA Premier Residential Market Report
Wright Report: Northern CA Premier Residential Market Report
 
Sacramento Real Estate Report for 2013
Sacramento Real Estate Report for 2013Sacramento Real Estate Report for 2013
Sacramento Real Estate Report for 2013
 
Best of the Best 2022 Property Report
Best of the Best 2022 Property ReportBest of the Best 2022 Property Report
Best of the Best 2022 Property Report
 
Cl housing affordability-dec-2016
Cl housing affordability-dec-2016Cl housing affordability-dec-2016
Cl housing affordability-dec-2016
 
2016 10-core logicc-hedonic_index
2016 10-core logicc-hedonic_index2016 10-core logicc-hedonic_index
2016 10-core logicc-hedonic_index
 
2016 01-january property and economic overview
2016 01-january property and economic overview2016 01-january property and economic overview
2016 01-january property and economic overview
 
2016 01-january property and economic overview
2016 01-january property and economic overview2016 01-january property and economic overview
2016 01-january property and economic overview
 
2017 01-core logic-home-value_index
2017 01-core logic-home-value_index2017 01-core logic-home-value_index
2017 01-core logic-home-value_index
 
Real Estate 2014 Housing Outlook Wells Fargo
Real Estate 2014 Housing Outlook Wells FargoReal Estate 2014 Housing Outlook Wells Fargo
Real Estate 2014 Housing Outlook Wells Fargo
 
NAEA September Market Report
NAEA September Market ReportNAEA September Market Report
NAEA September Market Report
 
2015 Mid-Year Viewpoint_Orange County_Multifamily
2015 Mid-Year Viewpoint_Orange County_Multifamily2015 Mid-Year Viewpoint_Orange County_Multifamily
2015 Mid-Year Viewpoint_Orange County_Multifamily
 
Core logic home value index - January 2019
Core logic home value index - January 2019Core logic home value index - January 2019
Core logic home value index - January 2019
 
MF_Market_Commentary_072315
MF_Market_Commentary_072315MF_Market_Commentary_072315
MF_Market_Commentary_072315
 
2016 april property-and_economic_overview
2016 april property-and_economic_overview2016 april property-and_economic_overview
2016 april property-and_economic_overview
 
RealPulseAZ December 2020
RealPulseAZ December 2020RealPulseAZ December 2020
RealPulseAZ December 2020
 
Charles Wurtzebach - 2017 Market Outlook
Charles Wurtzebach - 2017 Market OutlookCharles Wurtzebach - 2017 Market Outlook
Charles Wurtzebach - 2017 Market Outlook
 
Monthly Market Report - February 2018
Monthly Market Report - February 2018Monthly Market Report - February 2018
Monthly Market Report - February 2018
 
January 2017
January 2017January 2017
January 2017
 

Más de Heather Witte is the Owner The Witte Group @ eXp Realty

Más de Heather Witte is the Owner The Witte Group @ eXp Realty (9)

Corelogic Q3-2013 Equity Report
Corelogic Q3-2013 Equity ReportCorelogic Q3-2013 Equity Report
Corelogic Q3-2013 Equity Report
 
Information About Brokerage Services
Information About Brokerage ServicesInformation About Brokerage Services
Information About Brokerage Services
 
2012 market overview_Austin_RoundRock_SanMarcos
2012 market overview_Austin_RoundRock_SanMarcos2012 market overview_Austin_RoundRock_SanMarcos
2012 market overview_Austin_RoundRock_SanMarcos
 
2010 March This Month In Real Estate
2010 March This Month In Real Estate2010 March This Month In Real Estate
2010 March This Month In Real Estate
 
Q32009 Austin Real Estate Market Report
Q32009 Austin Real Estate Market ReportQ32009 Austin Real Estate Market Report
Q32009 Austin Real Estate Market Report
 
Jan 2010 Austin Economic Indicators
Jan 2010 Austin Economic IndicatorsJan 2010 Austin Economic Indicators
Jan 2010 Austin Economic Indicators
 
Jan 2010 Austin Economic Indicators
Jan 2010 Austin Economic IndicatorsJan 2010 Austin Economic Indicators
Jan 2010 Austin Economic Indicators
 
Monthly Review Of The Tx Economy (Dec 2009)
Monthly Review Of The Tx Economy (Dec 2009)Monthly Review Of The Tx Economy (Dec 2009)
Monthly Review Of The Tx Economy (Dec 2009)
 
Nov 2009 Austin Economic Indicators
Nov 2009 Austin Economic IndicatorsNov 2009 Austin Economic Indicators
Nov 2009 Austin Economic Indicators
 

Último

Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
delhi24hrs1
 
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
ApartmentWala1
 
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
delhimodel235
 
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
asmaqueen5
 
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best in D...
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best  in D...Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best  in D...
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best in D...
asmaqueen5
 
Acibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin TurkeyAcibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin Turkey
Listing Turkey
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
delhimodel235
 
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
delhimodel235
 

Último (20)

Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
 
Mahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdfMahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdf
 
Eldeco Dwarka Project In Delhi-brochure.pdf.pdf
Eldeco Dwarka Project In Delhi-brochure.pdf.pdfEldeco Dwarka Project In Delhi-brochure.pdf.pdf
Eldeco Dwarka Project In Delhi-brochure.pdf.pdf
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdf
 
2k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 92055419142k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 9205541914
 
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
 
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
 
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
Call Girls In Krishna Nagar Delhi (Escort)↫8447779280↬@SHOT 1500- NIGHT 5500→...
 
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfVanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
 
Retail Center For Sale - 1019 River St., Belleville, WI
Retail Center For Sale - 1019 River St., Belleville, WIRetail Center For Sale - 1019 River St., Belleville, WI
Retail Center For Sale - 1019 River St., Belleville, WI
 
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best in D...
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best  in D...Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best  in D...
Call Girls in Anand Vihar Delhi +91 8447779280}Call Girls In Delhi Best in D...
 
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial VenturesM3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
 
Acibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin TurkeyAcibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin Turkey
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
 
2k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 92055419142k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 9205541914
 
Enjoy Night ≽ 8448380779 ≼ Call Girls In Iffco Chowk (Gurgaon)
Enjoy Night ≽ 8448380779 ≼ Call Girls In Iffco Chowk (Gurgaon)Enjoy Night ≽ 8448380779 ≼ Call Girls In Iffco Chowk (Gurgaon)
Enjoy Night ≽ 8448380779 ≼ Call Girls In Iffco Chowk (Gurgaon)
 
SVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property BroadcastSVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property Broadcast
 
2k Shots ≽ 9205541914 ≼ Call Girls In Sainik Farm (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Sainik Farm (Delhi)2k Shots ≽ 9205541914 ≼ Call Girls In Sainik Farm (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Sainik Farm (Delhi)
 
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time TogetherShapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
Shapoorji Pallonji Joyville Vista Pune | Spend Your Family Time Together
 
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
 

Case shiller-indexes-report-q1-2013

  • 2. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 22 CORELOGIC CASE-SHILLER HOME PRICE INDEXES – MAJOR MARKET OVERVIEW ► Home Prices Surged in the First Quarter of 2013, the First Double-Digit Gain Since the Peak of the Housing Bubble ► Nationally, Home Prices Are Still Significantly Below Their Peak, Reducing Concerns of a New Housing Bubble ► Price Appreciation Is Projected to Moderate in 2014 As Home Prices and Mortgage Interest Rates Rise and Home Inventories Increase U.S. HOME PRICES 10.2%IN Q1 2013 Home prices surged by 10.2 percent in the first quarter of 2013, the first double-digit gain since the peak of the housing bubble in 2006. Prices in metro areas at the center of the housing bubble rebounded sharply, with Phoenix up 23 percent, Sacramento up 21 percent, Detroit up 18 percent and Miami up 14 percent. Extremely limited inventory in each of these metros is boosting prices. Similarly, Bismarck, N.D., is up 13 percent due to strong demand from oil and natural gas workers, which is outpacing supply. PRICES ROSE IN 296OUT OF 384 METROS IN Q1 2013 Home prices increased year over year in 296, or 77 percent, of metropolitan areas (Core Based Statistical Areas) in the first quarter of 2013. Although some metro areas are still posting year-over-year decreases, it is likely that all metro markets will post positive annual appreciation by year’s end. “Record levels of affordability, a slowly improving job market, and very small inventories of new and existing homes for sale will continue to drive U.S. home price appreciation during the summer.” Dr. David Stiff, chief economist for CoreLogic Case-Shiller The CoreLogic Case-Shiller Indexes cover more than 380 U.S. markets. This includes thousands of ZIP codes, counties, metro areas and state markets. Proprietary CoreLogic Case-Shiller home price trend information is supplemented by Federal Housing Finance Agency data.
  • 3. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 3 HOME PRICE PROJECTIONS* ► ONE-YEAR TREND HOME PRICES ARE EXPECTED TO RISE BY 6.5%from the first quarter of 2013 through the same quarter of 2014. Record levels of affordability, a slowly improving job market, and tight inventories of new and existing homes will continue to drive double-digit appreciation through the summer. The supply of active listings ranges from three months in Detroit, Phoenix and Sacramento to five and a half months in Miami, indicating sellers’ markets. As home prices rise in lagging markets, the national rate of appreciation also increases. “We expect strong buying activity this spring will lead to stabilization of home prices in most lagging markets, resulting in rising home prices in nearly every metro area by the end of 2013.” Dr. David Stiff, chief economist for CoreLogic Case-Shiller *The CoreLogic Case-Shiller forecasts are produced by CoreLogic and Moody’s Analytics. CONTINUED ON PAGE 4
  • 4. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 44 HOME PRICE PROJECTIONS* ► LONGER-TERM TRENDS THE CORELOGIC CASE-SHILLER INDEXES PROJECT A CONTINUED TREND OF RISING HOME PRICES OVER THE NEXT FIVE YEARS. HOME PRICES ARE EXPECTED TO RISE AT AN ANNUALIZED RATE OF 4.0%from the first quarter of 2013 through the first quarter of 2018. Price gains are projected to decelerate from a double-digit pace in 2014 as increasing mortgage rates and home prices decrease affordability. Better balance between supply and demand also moderates price increases. Homeowners whose properties had been underwater before the recent price surge may consider selling to lock in gains. With more favorable pricing, developers also ramp up building activity, which adds to available supply. Home price appreciation is projected to slow to 5.6 percent between the first quarter of 2014 and the first quarter of 2015. *The CoreLogic Case-Shiller forecasts are produced by CoreLogic and Moody’s Analytics.
  • 5. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 55 U.S. METROS HOME PRICE HIGHLIGHTS POPULATION 950,000+ ► Five metro areas recording largest year-over-year gains through the first quarter of 2013 SAN JOSE PHOENIX SAN FRANCISCO SACRAMENTO LAS VEGAS +23.7% +22.8% +21.1% +21.0% +20.9% ► Five metro areas with year-over-year declines or smallest gains through the first quarter of 2013 LONG ISLAND KANSAS CITY, MO HARTFORD NEWARK EDISON, NJ -1.4% -0.4% +1.2% +1.2% +1.4% ► Five metro areas with largest three-year home price gains through the first quarter of 2013 DETROIT PHOENIX SAN JOSE WARREN, MICH HOUSTON +36.5% +18.8% +18.5% +14.5% +14.3% ► Five metro areas with largest three-year home price declines through the first quarter of 2013 VIRGINIA BEACH CAMDEN, NJ TUCSON CHICAGO EDISON, NJ -9.0% -8.5% -7.0% -6.5% -6.5% “Although a small number of metropolitan areas show year-over-year declines, it is likely that home prices in these cities will turn positive by the end of the year.” Dr. David Stiff, chief economist for CoreLogic Case-Shiller
  • 6. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 66 U.S. METROS HOME PRICE PROJECTION HIGHLIGHTS POPULATION 950,000+ ► Five metro areas with highest one-year projected increase through the first quarter of 2014 SAN FRANCISCO HARTFORD BALTIMORE LOS ANGELES SACRAMENTO +10.5% +9.8% +9.6% +8.4% +7.8% ► Only four metro areas have projected declines through the first quarter of 2014 MIAMI FT. LAUDERDALE ORLANDO HOUSTON -2.7% -2.6% -1.6% -0.1% “Building activity has increased more slowly than expected, mostly because of the uneven economic recovery. Builder confidence, which leads to construction activity, has been soaring, so the pace of new construction is expected to increase more rapidly.” Dr. David Stiff, chief economist for CoreLogic Case-Shiller
  • 7. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 77 Forecast Actual MAJOR MARKETS HIGHLIGHTS ► Year-Over-Year Home Price Changes U.S. Single-Family -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 2000 2001 2002 2003 2004 20052 062006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Average annual appreciation since 1976 (5%) Sources: CoreLogic Case-Shiller, Moody’s Analytics ► Metro Area 3-Year Price Changes (Q1 2010 – Q1 2013) Sources: CoreLogic Case-Shiller, FHFA, Moody’s Analytics 10% Increase or More 0% to 10% Increase -5% to 0% Decline -5% Decline or More
  • 8. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 88 CONTINUED ON PAGE 9 SELECTED METRO AREAS METRO AREA POPULATION (2012) CHANGE IN HOME PRICES (Q1 2012 TO Q1 2013) CHANGE IN HOME PRICES (Q1 2010 TO Q1 2013) FORECAST CHANGE IN HOME PRICES (Q1 2013 TO Q1 2014) San Jose, Calif. 1,894,388 23.7% 18.5% 7.4% Phoenix 4,329,534 22.8% 18.8% 5.1% San Francisco 1,821,243 21.1% 13.3% 10.5% Sacramento, Calif. 2,196,482 21.0% 6.6% 7.8% Las Vegas 2,000,759 20.9% 6.2% 5.6% Atlanta 5,439,950 19.2% -5.4% 4.9% Detroit 1,792,365 18.2% 36.5% 5.7% Los Angeles 9,962,789 17.6% 11.0% 8.4% Riverside, Calif. 4,350,096 15.0% 10.0% 0.2% Orlando, Fla. 2,223,674 14.6% 6.3% -1.6% Miami 2,591,035 14.2% 13.7% -2.7% Warren, Mich. 2,499,695 12.9% 14.5% 2.8% Houston 6,204,161 12.2% 14.3% -0.1% Tampa, Fla. 2,842,878 11.9% 2.2% 2.3% Salt Lake City 1,161,715 11.5% 7.0% 5.9% W. Palm Beach, Fla. 1,356,545 11.4% 1.2% 0.6% Tucson, Ariz. 992,394 11.0% -7.0% 7.2% Jacksonville, Fla. 1,377,850 9.9% -3.3% 1.4% Fort Lauderdale, Fla. 1,815,137 9.5% 8.0% -2.6% San Antonio 2,234,003 9.2% 9.6% 3.9% Chicago 7,945,578 8.6% -6.5% 6.5% Nashville, Tenn. 1,644,703 7.5% 4.3% 1.2% Indianapolis, Ind. 1,798,634 7.4% 2.6% 0.7% Austin, Texas 1,834,303 7.0% 8.9% 2.3% Virginia Beach, Va. 1,694,900 6.0% -9.0% 2.8% New Orleans, La. 1,205,374 5.9% 3.1% 3.3% U.S. METROS Q1 2013 3-year change: 3.5% 1-year change: 10.2% 1-year forecast: 6.5%
  • 9. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 99 METRO AREA POPULATION (2012) CHANGE IN HOME PRICES (Q1 2012 TO Q1 2013) CHANGE IN HOME PRICES (Q1 2010 TO Q1 2013) FORECAST CHANGE IN HOME PRICES (Q1 2013 TO Q1 2014) Richmond, Va. 1,282,305 5.8% -3.9% 3.3% Milwaukee, Wis. 1,566,981 5.0% -3.9% 4.8% St. Louis, Mo. 2,845,721 5.0% -6.2% 2.6% Columbus, Ohio 1,878,714 4.9% 3.6% 3.9% Baltimore 2,753,149 3.9% -3.1% 9.6% Fort Worth, Texas 2,213,738 3.4% 6.5% 3.6% Camden, N.J. 1,254,461 2.4% -8.5% 5.5% Raleigh, N.C. 1,188,564 2.0% -0.6% 0.7% Philadelphia 4,050,793 1.9% -4.7% 5.4% Edison, N.J. 2,360,602 1.4% -6.5% 3.9% Hartford, Conn. 1,214,400 1.2% -6.5% 9.8% Kansas City, Mo. 2,064,630 -0.4% 0.8% 0.7% Nassau-Suffolk (Long Island), N.Y. 2,848,506 -1.4% -3.4% 2.8% SELECTED METRO AREAS U.S. METROS Q1 2013 3-year change: 3.5% 1-year change: 10.2% 1-year forecast: 6.5%
  • 10. CORELOGIC® CASE-SHILLER INDEXES® REPORT FIRST QUARTER 2013 © 2013 CoreLogic — Proprietary and confidential. This material may not be reproduced in any form without express written permission. 1010 CORELOGIC CASE-SHILLER INDEXES METHODOLOGY THE LONGEST-STANDING, MOST HIGHLY RECOGNIZED BRAND OF HOME PRICE INDEXES CoreLogic Case-Shiller Indexes use the repeat sales method for index calculation, analyzing data on single-family properties that have two or more recorded sales transactions. Changes in housing types and sizes, or changes in the physical characteristics of houses are specifically excluded from the calculations to avoid incorrectly affecting the index value. The principal variable used for index calculation is the price change between two arms-length sales of the same single-family home. Sales pairs with approved data are aggregated with all other sales pairs found in a particular Census division, state, metro area, county, or ZIP code market to independently calculate each Case-Shiller index. The national index is a composite of the Case-Shiller Census division indexes. Different weights are assigned to different changes in home prices, based on their statistical distribution in that geographic region. The weighting schemes include price anomalies, high turnover frequency, time interval adjustments and initial home value. Case-Shiller Indexes include data covering thousands of ZIP codes, counties, metro areas and state markets. ABOUT CORELOGIC CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider in the United States and Australia. The Company’s combined data from public, contributory, and proprietary sources includes over 3.3 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, transportation and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in seven countries. For more information, please visit www.corelogic.com. CoreLogic, the CoreLogic logo and CoreLogic Case-Shiller are trademarks of CoreLogic, Inc. and/or its subsidiaries. CONTACT For more information, contact Dave Hurt at 301-365-0407 (dhurt@corelogic.com) or Brian Gunn at 415-536-3537 (bgunn@corelogic.com). 17-CSSHINDX2013Q1-0813-00