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Index: No Further Price Acceleration.(Managing REO)(Brief article)
Santa Ana, CA-As home prices continue to decline, First American CoreLogic is projecting pre-foreclosures and foreclosure filings through the end of the 2008 to reach 3.2 million, an increase of just over 80% from a year ago.
According to the company's July 2008 LoanPerformance Home Price Index, home prices declined 10.9% from a year ago. The early August view of the data indicate a decline of 10.8% compared to the same time in 2007.
"This continues the positive trend of no further acceleration in the pace of the rate of decline," said Mark Fleming, chief economist for First American CoreLogic.
"The recent price trend is similar to the ...
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