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Jan 15, 2013 10:29AM
Home prices increased on a year-over-year basis for the ninth consecutive month according to the CoreLogic Home Price Index (HPI) released today. The November HPI was up 7.4 percent from its November 2011 level and represented the largest jump in the index in nearly seven years. On a month-over-month basis the HPI, which includes sales of distressed properties, was up 0.3 percent. CoreLogic said the all but six states are experiencing year-over-year price gains. When short sales and sales of foreclosed...
Jan 15, 2013 4:47PM
Freddie Mac's monthly economic outlook commentary for January looks principally at consumer attitudes which it says have remained "fairly resilient despite the 'fiscal cliff' drama that has played out." Still that confidence remains historically low three-and-a-half years into the economic recovery, but it is up from its Great Recession low on the Conference Board's consumer confidence index. The Outlook says, "As consumer attitudes on the economic outlook improve, more potential homebuyers will...
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