January home price index reaches new low

RPX Composite Home Price Fell to Lowest Level since April 2003

Radar Logic published it’s Housing Market Report for January showing that it’s “RPX Composite Price” fell 3.8 percent from December and 3.4 percent from the year before. Radarlogic attributes some of the price decline from the prior month to seasonal factors however says the year over year decline was “driven by market fundamentals.” “The supply of homes for sale and potentially for sale is very large relative to demand, and it continues to be fed by high rates of mortgage defaults and foreclosures (notwithstanding recent declines in foreclosure filings as the mortgage servicing industry responds to allegations of improper procedures). At the same time, demand for homes is constrained by tight lending standards.”

Highlights from the report:

  • The month-over-month change in the RPX Composite price through January 2011 suggests that housing markets have yet to turn the corner from crisis to recovery.
    • The month-over-month decline in the RPX Composite price through January 20 was large relative to changes over the same period during the last ten years.
  • The RPX Composite transaction count (sales) declined rapidly from December to January in accordance with its seasonal pattern but the decline was less severe than it usually is at this time of year.
    • The RPX Composite transaction count, which reflects the number of transactions used to calculate the RPX Composite price, declined 19.4 percent month over month and 1.6 percent year over year through January 20.
  • RPX prices declined on both a month-over-month and year-over-year basis in most of the metropolitan areas tracked by Radar Logic. New York was a notable exception.
    • Twenty-four of the 25 metropolitan areas tracked by Radar Logic exhibited year-over-year declines in home prices. RPX prices for Atlanta, Jacksonville and Milwaukee posted the largest year-over-year declines.

Print Friendly, PDF & Email

16 comments to January home price index reaches new low

  • Some times its a pain in the ass to read what blog owners wrote but this site is rattling user pleasant! .

  • Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  • I am constantly browsing online for posts that can help me. Thanks!

  • great put up, very informative. I’m wondering why the other specialists of this sector do not notice this. You must continue your writing. I am sure, you’ve a huge readers’ base already!

  • hello there and thank you to your info – I have certainly picked up something new from proper here. I did alternatively experience a few technical points the usage of this website, since I experienced to reload the website a lot of instances prior to I may get it to load properly. I were brooding about in case your web hosting is OK? No longer that I am complaining, but slow loading cases times will often affect your placement in google and can damage your quality ranking if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I’m adding this RSS to my e-mail and can glance out for much more of your respective exciting content. Make sure you replace this once more soon..

  • We’re a group of volunteers and starting a new scheme in our community. Your site provided us with valuable information to work on. You have done an impressive job and our entire community will be grateful to you.

  • I very like this blog. Everything is cleared.

  • I don’t unremarkably comment but I gotta say thankyou for the post on this one : D.

  • Spot on with this write-up, I truly think this website needs much more consideration. I’ll probably be once more to learn much more, thanks for that info.

  • … [Trackback]

    […] Read More Information here to that Topic: stlouisrealestatenews.com/real-estate-market/real-estate-market-general/january-home-price-index-reaches-new-low/ […]

  • It is truly a great and helpful piece of info. I’m glad that you simply shared this helpful info with us. Please keep us up to date like this. Thank you for sharing.

  • As I website owner I believe the subject matter here is real fantastic, thankyou for your efforts.

  • At this time it seems like BlogEngine is the best blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?

  • My partner and I absolutely love your blog and find a lot of your post’s to be just what I’m looking for. Would you offer guest writers to write content for you personally? I wouldn’t mind creating a post or elaborating on some of the subjects you write with regards to here. Again, awesome blog!

  • I conceive this internet site holds some really superb info for everyone. “He who has not looked on Sorrow will never see Joy.” by Kahlil Gibran.

  • I have been browsing on-line more than three hours today, yet I never found any attention-grabbing article like yours. It?¦s beautiful worth sufficient for me. In my opinion, if all webmasters and bloggers made good content as you probably did, the net shall be a lot more useful than ever before.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>