First American CoreLogic Releases March 2008 LoanPerformance House Price Index
First American CoreLogic a member of The First American Corporation family of companies, today announced the release of its March 2008 LoanPerformance Home Price Index (HPI).
The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,523 ZIP codes, 957 Core Based Statistical Areas (CBSA) and 670 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends.
First American CoreLogic Releases November 2007 LoanPerformance House Price Index
First American CoreLogic, a member of The First American Corporation (NYSE:FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its November 2007 LoanPerformance Home Price Index (HPI).
The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,462 ZIP codes, 956 Core Based Statistical Areas (CBSA) and 662 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends. (For a state-by-state map, visit www.loanperformance.com/assets/images/pr0108_image_lg_ch.jpg).
KB Home Reports 2007 Fourth Quarter and Full Year Results
LOS ANGELES, — KB Home one of America’s largest homebuilders, today reported financial results for its fourth quarter and fiscal year ended November 30, 2007. Results include:
- Revenues totaled $2.07 billion for the quarter ended November 30, 2007, down from $3.01 billion in the corresponding quarter of 2006, primarily reflecting lower housing revenues. Fourth quarter 2007 housing revenues of $2.02 billion were 31% lower than in the year-earlier period. This decline reflected a 22% year-over-year decrease in new home deliveries to 8,132 in the fourth quarter of 2007 from 10,386 in the 2006 fourth quarter, and a 12% year-over-year decrease in the average selling price to $247,800 in 2007 from $280,000 in 2006.
Pennsylvania Named Hotspot for Europeans Purchasing Homes
When it comes to purchasing homes, more Europeans are choosing Pennsylvania for vacation and investment properties, according to a survey conducted by the National Association of Realtors(R) (NAR) and sponsored by the Pennsylvania Association of Realtors(R) (PAR) and the Pennsylvania Realtors(R) Education Foundation (PREF).Almost two-fifths of international buyers in Pennsylvania purchased a home in the Philadelphia area, while Pittsburgh captured over 14% of foreign home sales.
For the nation as a whole, the largest share of foreign home buyers came from Europe, Asia and North America. In Pennsylvania the majority came from Europe, specifically, the United Kingdom but also from India, China, Canada and Brazil.
Top 10 Cash Flow Property Markets by NuWire
1. Rochester, New York
2. Montgomery, Alabama
3. Birmingham, Alabama
4. San Antonio, Texas
5. Garland, Texas
6. Buffalo, New York
7. Corpus Christi, Texas
8. Shreveport, Louisiana
9. Detroit, Michigan
10. Philadelphia, Pennsylvania
Read NuWire’s “Rankings of the areas with the best potential for cash flow.”