Reports Show Prices, Inventory Down At End Of Year

Reports from CoreLogic and Altos Research show both home prices and inventory fell at the end of the year. Altos Research’s Real-Time Housing Market Update for December 2010 shows a 1.63 percent drop in prices and a 5.89 percent decrease in inventory at the end of December. Altos says the monthly data is in keeping with seasonal declines and they expect a likely increase once the spring-selling season begins. CoreLogic’s Home Price Index had home values down 1.6 percent in November from October and 5.0 percent lower than the year before. More here, here and here.

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