CoreLogic: Illinois Home Prices Fall 2.7 Percent Year-Over-Year In December

There’s an old saying in the real estate industry:

All real estate is local.

And the latest Home Price Index (HPI) report that was released this morning from Irvine, California-based CoreLogic suggests there might be some truth to that.

From the website of the provider of residential property valuations for the mortgage industry:

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.

If you speculated that Illinois might be one of those four states that aren’t experiencing gains- you were correct. From the Reuters website this morning:

Four states posted home price depreciation. They were: Delaware, down -3.4 percent; Illinois down -2.7 percent; New Jersey, down -0.9 percent; and Pennsylvania, down -0.5 percent. Those numbers also include distressed sales.

(Editor’s note: Italics added for emphasis)

No housing recovery yet it seems for the “Land of Lincoln.”

For more information about that December 2012 Home Price Index report, you can go to the CoreLogic website here.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“U.S. home prices post biggest jump in over six years- CoreLogic.” Reuters. 5 Feb. 2013. (http://www.reuters.com/article/2013/02/05/usa-housing-corelogic-idUSL1N0B4B2E20130205). 5 Feb. 2013.

Share

Tags: , , , , ,

Tuesday, February 5th, 2013 Housing, Main Street
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Happy MLK Day

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



Please Rate this Blog HERE



happyToSurvive
Advertising Disclosure here. "Code Needed"=Promo Code Found On Advertiser Website. Ad Captions Last Updated 1/15/17.
ANY CHARACTER HERE
Buy Gold And Silver Coins Huge Silver Bar Sale (10 Oz. Individual & Monster Boxes)! World Gold (Bullion) Coins/Bars Also On Sale. Free Shipping On U.S. Orders $99 And Up (Only $5.95 Below $99!). BGASC Reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service Taking Care Of $2 Billion For Over 65,000 Users From 175 Countries. BullionVault.com Reviewed HERE.
ANY CHARACTER HERE
1-Year Food Supply $1,597 + Free Shipping Limited Time Only; Alexapure Pro Water Filtration System $147; Big Savings On "Deal Of The Day" Page; Free Shipping On Orders Over $79. MyPatriotSupply.com Reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap Only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) Only $169; Bulletproof Backpack/Messenger Bag Panel Only $99. BulletSafe Reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% Discontinued Title Sale- Savings Up To 75% Off Original Price. Paladin Press Reviewed HERE.
 

Categories

Archives

Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • New Year’s Half-Price Domain Sale
    A little housekeeping to start off the blogging week on Offshore Safe Deposit Boxes. I’d like to direct your attention to the following on the blog’s sidebar: Opening An Offshore Private Vault? New Year’s HALF-PRICE Domain Sale Limited Time Only! elitevaults.com $100 offshoreprivatevault.com $500 offshoresafedepositbox.com $500 Inquire Via “Contact” Page Have a great week, Christopher […]
  • Related Reading: Singapore Private Vaults ‘Have Quietly Begun To Bulge With Gold And Silver’
    I recently came across an article on The Business Times (Singapore) website which points out privately-owned precious metals from around the world are finding their way to non-bank vaults in Singapore. Andrea Soh reported on December 12: These are unsettling times. A recession looms. Extremist parties are on the ascent globally. One of the oldest […]
  • Next Degussa Numis Day To Take Place January 26, 27
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and appraise […]
  • Related Reading: Martin Armstrong Covered By Washington’s Blog
    Regular readers of Offshore Safe Deposit Boxes know I bring up economist Martin Armstrong from time to time (case in point, the last entry) due to his views on subjects such as the War on Cash, gold confiscation, and safe deposit boxes. This afternoon Armstrong was the focus of a post published my other blog- […]
  • Martin Armstrong On Proposal To Seize ‘Suspicious’ Gold Entering European Union
    Last Wednesday, I wrote about a recent Reuters.com article which reported: The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU on Wednesday, in a bid to shut down one route for funding of militant attacks on the continent… Authorities will also be able to seize cash or precious […]