CoreLogic Reports Fourth Consecutive Month with More Than 6 Percent Year-Over-Year Home Price Growth in November

  • Washington, Nevada, Utah and Idaho Posted 12-Month Price Gains of 10 Percent or More in November
  • Lack of Affordable Housing Stock Keeps Home Price Index High in Many Markets
  • Home Prices Projected to Increase by 4.2 Percent by November 2018

Irvine, CA – January 2, 2018 (BUSINESS WIRE) CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2017, which shows home prices are up both year over year and month over month. Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017,* according to the CoreLogic HPI.

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Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 4.2 percent on a year-over-year basis from November 2017 to November 2018, and on a month-over-month basis home prices are expected to decrease by 0.4 percent from November 2017 to December 2017. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Rising home prices are good news for home sellers, but add to the challenges that home buyers face,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Growing numbers of first-time buyers find limited for-sale inventory for lower-priced homes, leading to both higher rates of price growth for ‘starter’ homes and further erosion of affordability.”




According to CoreLogic Market Condition Indicators (MCI) data, an analysis of housing values in the country’s 100 largest metropolitan areas based on housing stock, 37 percent of metropolitan areas have an overvalued housing stock as of November 2017. The MCI analysis categorizes home prices in individual markets as undervalued, at value or overvalued by comparing home prices to their long-run, sustainable levels, which are supported by local market fundamentals such as disposable income. Also, as of November, 36 percent of the top 100 metropolitan areas were undervalued and 26 percent were at value (this percent share is based on 99 markets for this report since data for Honolulu is currently unavailable). When looking at only the top 50 markets based on housing stock, 50 percent were overvalued, 14 percent were undervalued and 36 percent were at value. The MCI analysis defines an overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level, while an undervalued housing market is one in which home prices are at least 10 percent below the sustainable level.

“Without a significant surge in new building and affordable housing stock, the relatively high level of growth in home prices of recent years will continue in most markets,” said Frank Martell, president and CEO of CoreLogic. “Although policymakers are increasingly looking for ways to address the lack of affordable housing, much more needs to be done soon to see a significant improvement over the medium term.”

*October 2017 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.


The CoreLogic HPI™ is built on industry-leading public record, servicing and securities real-estate databases and incorporates more than 40 years of repeat-sales transactions for analyzing home price trends. Generally released on the first Tuesday of each month with an average five-week lag, the CoreLogic HPI is designed to provide an early indication of home price trends by market segment and for the “Single-Family Combined” tier representing the most comprehensive set of properties, including all sales for single-family attached and single-family detached properties. The indexes are fully revised with each release and employ techniques to signal turning points sooner. The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states.

CoreLogic HPI Forecasts™ are based on a two-stage, error-correction econometric model that combines the equilibrium home price—as a function of real disposable income per capita—with short-run fluctuations caused by market momentum, mean-reversion, and exogenous economic shocks like changes in the unemployment rate. With a 30-year forecast horizon, CoreLogic HPI Forecasts project CoreLogic HPI levels for two tiers—“Single-Family Combined” (both attached and detached) and “Single-Family Combined Excluding Distressed Sales.” As a companion to the CoreLogic HPI Forecasts, Stress-Testing Scenarios align with Comprehensive Capital Analysis and Review (CCAR) national scenarios to project five years of home prices under baseline, adverse and severely adverse scenarios at state, Core Based Statistical Area (CBSA) and ZIP Code levels. The forecast accuracy represents a 95-percent statistical confidence interval with a +/- 2.0 percent margin of error for the index.

Source: CoreLogic

The data provided are for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be resold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data are illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Lori Guyton at or Bill Campbell at Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. The data are compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit

CORELOGIC, the CoreLogic logo, CoreLogic HPI, CoreLogic HPI Forecast and HPI are trademarks of CoreLogic, Inc. and/or its subsidiaries.


For real estate industry and trade media:
Bill Campbell
(212) 995-8057


For general news media:
Lori Guyton
(901) 277-6066

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AgencyLogic Reports Record Fourth Quarter and Annual Growth for Sales of Single Property PowerSites

Changing market conditions and the release of new Vendor Programs drive strongest year ever for AgencyLogic PowerSites.

Wappingers Falls, NY – January 29, 2008 – AgencyLogic (, the largest real estate industry provider of single property Websites in North America, today announced the fourth consecutive quarter of record growth in registrations, sales and revenue for their PowerSite product. Year-end numbers also topped 2006 in several key areas.

By far, the largest growth was seen in business generated through vendor relationships. Only publicly announced in December 2007, the AgencyLogic Affiliate Program and the AgencyLogic Private Label Program offer an opportunity for companies to choose the price of a single property Website while additionally generating revenue. With AgencyLogic providing all technical support, software development, infrastructure and paying all merchant fees and domain name costs, the programs allow vendors to focus on the sales and marketing of the single property PowerSite product.

Fourth quarter 2007 versus 2006 total registrations increased by 62% with vendor generated registrations increasing by 150%.

Sales of single property Website licenses saw the greatest growth with a 74% total increase year to year and a 276% growth in vendor generated sales. Sales growth during the fourth quarter 2007 versus fourth quarter 2006 reached 106%, and vendor growth totaled 331%.

Despite halving the product price at the beginning of 2007, revenues increased 16% with vendor revenues increasing 130%.

During 2007, AgencyLogic leveraged the experience of its parent company, Network Earth, Inc., a company that has been developing world class applications for publicly traded financial institutions for over twelve years. This has allowed AgencyLogic to build a scalable business and better position itself for continued growth.

With the continuing downward trend in the real estate industry caused by decreasing house prices, record foreclosures and the subprime mortgage crisis, Realtors are focusing on effective Web based marketing solutions that offer their listings increased exposure at a lower price. AgencyLogic expects this continuing market pressure to help drive growth throughout 2008 and into 2009.

“A reorganization of our sales focus at the beginning of January has paid dividends. Having decided to focus on our core competency, software development, we have repositioned AgencyLogic as a company that supports businesses who offer single property Websites rather than one competing against them,” said Stephen Fells, CEO of AgencyLogic. “This has resulted in strong growth in several key areas of our business, something we expect to continue throughout 2008.”

“Because PowerSites provide agents with an affordable way to get the most online exposure for listings, and can even be used free of charge to win listings, the downturn of the real estate market has actually strengthened our position,” said Mark Wayman, CIO of AgencyLogic. “Looking forward, we plan to leverage our assets and support our current customers and partners while developing additional relationships that will help others earn revenue through the PowerSite technology.”

AgencyLogic PowerSites contain all of the information that buyers are looking for about a particular property – in one Website. They allow Realtors to create comprehensive, single property Websites for $50 or less. Each PowerSite includes a Website address e.g.,, one year of hosting and all the tools needed to describe the property in detail, add photos, floor plans, create slideshow tours, upload related documents, map the property, create custom links, add video, blogs or podcasts as well as marketing tools such as free syndication to the major real estate search engines.

About AgencyLogic
AgencyLogic is a division of Network Earth, Inc., a technology company founded in 1995 that specializes in Web-based software development for businesses. Network Earth’s expertise includes application and Website development with the company recently moving into the social networking world with the formation of Social Gears, LLC. Today, PowerSites are the company’s main product, and are revolutionizing the way Realtors are marketing properties online by allowing them to affordably create a single Website for every listing. For more information, please visit or .

Media Relations Contact:
Robin Morgan
Marketing Director
Toll Free: 1-888-201-5160 x 205
Canada: (866) 484-2644
Fax: 845-227-6497

14 Cambridge Court
Wappingers Falls, NY 12590

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