CoreLogic: Metro Denver home prices up in November from year earlier

Home prices in the Denver metro area rose in November 2011 from the same month a year earlier, according to the latest Home Price Index report, issued Monday byCoreLogic Inc.

The report said home prices, including distressed sales, in the Denver-Aurora-Broomfield area were up 1 percent year-over-year in November.

Excluding distressed sales, CoreLogic reported a 1.5 percent year-over-year rise in November.

CoreLogic also adjusted its year-over-year data for October 2011, showing a 0.4 percent price decline that month from a year earlier in metro Denver.

Nationwide, the Home Price Index report for November showed a 4.3 percent year-over-year drop in single-family home prices, including distressed sales, and a 0.6 percent slip when distressed sales were excluded.

CoreLogic (NYSE: CLGX) of Santa Ana, Calif., provides consumer, financial and property information and analysis to business and government.

The CoreLogic report is one of several popular measures of home prices, using different methodologies, covering different housing types and giving different results.

The most-recent S&P/Case-Shiller Home Prices Index report, covering October 2011 and issued Dec. 27, showed a 0.9 percent decline in Denver-area home prices from a year earlier.

Compiled by the DBJ’s Mark Harden | denvernews@bizjournals.com.

http://www.bizjournals.com/denver/news/2012/01/09/corelogic-metro-denver-home-prices-up.html