CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1% in January 2012 and by 1.0% compared with December 2011, the sixth consecutive monthly decline.
Excluding distressed sales, year-over-year prices declined by 0.9% in January 2012 compared with January 2011; that same metric, however, posted a month-over-month gain, rising 0.7 percent in January.
Distressed sales include short sales and real estate-owned (REO) transactions.
