St. Louis Real Estate News; St Louis home prices fall in September but projected to increase 2.4 percent in next twelve months

Dennis Norman
Dennis Norman

According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 9.8 percent in September 2009 compared with the year before.  If you take the distressed sales out (foreclosures, short sales, etc) the nation decline in HIP for the same period was 6.2 percent.

firstamerican corelogic

St. Louis home prices did better according to the report with the HPI declining 3.85 percent in Sepetember 2009 from the year before.  This is an improvement over August which was down 4.09 percent from the year before.  If we ignore the distressed sales, then the decline for September was 2.10 percent compared to August’s decline of 3.18 percent.
CoreLogic’s approach to obtaining pricing data is excellent in my opinion. Instead of just basing their data on median home prices they look at “repeat sales” and, according to information provided by the company, more than 30 years worth of repeat sales transactions, representing more than 45 million observations.
CoreLogic is forecasting that it’s HPI for St. Louis will appreciate 2.41 percent in the next year.  After all the declines we have seen in home prices, appreciation of any kinds sounds good to me at this point.
Print Friendly, PDF & Email

22 comments to St. Louis Real Estate News; St Louis home prices fall in September but projected to increase 2.4 percent in next twelve months

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Read More on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • +18

    … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Find More here on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Here you can find 73385 more Information to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • I have not checked in here for a while as I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend :)

  • … [Trackback]

    […] Read More to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • I went over this web site and I believe you have a lot of excellent information, bookmarked (:.

  • When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Appreciate it!

  • Some really howling work on behalf of the owner of this website , dead outstanding subject matter.

  • … [Trackback]

    […] Read More on on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • Hi! Someone in my Facebook group shared this site with us so I came to check it out. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Fantastic blog and fantastic design.

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Read More Info here to that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] Find More Information here on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • … [Trackback]

    […] There you will find 94043 additional Information on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

  • After examine a number of of the weblog posts in your website now, and I really like your means of blogging. I bookmarked it to my bookmark website listing and shall be checking back soon. Pls try my website online as effectively and let me know what you think.

  • … [Trackback]

    […] Find More on that Topic: stlouisrealestatenews.com/real-estate-market/st-louis-real-estate-news-st-louis-home-prices-fall-in-september-but-projected-to-increase-2-4-percent-in-next-twelve-months/ […]

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>