Skip to main content

Larew, Doyle & Associates opens its doors

National Mortgage Professional
Aug 11, 2008

IAS360 House Price Index rises 1.1 percent in JuneMortgagePress.comIntegrated Asset Services, IAS360 House Price Index Integrated Asset Services LLC (IAS), a default management and residential collateral valuation, has released its IAS360 House Price Index for June 2008. The June report, which includes the most current and granular data available in the industry, showed a 1.1 percent appreciation in house prices on a national level, and a -11.5 percent decline from June 2007 to June 2008. The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data at a "neighborhood" level, which is then rolled up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis. Three out of four U.S. census regions experienced appreciation in house prices during June, but continued to feel downward pressure year-over-year. The Western region posted a decline of -0.5 percent adding to the double digit year-over-year decline of -16.9 percent. Conversely, every census division experienced substantial year-over-year declines except for the East North Central division which continued to appreciate at a rate of 5.3 percent during the month of June. "In turbulent housing markets, timeliness and granularity are necessary in gauging the market," said Dave McCarthy, president and CEO of IAS. "The IAS360 House Price Index county level data reports from the front lines in the housing struggle; depending on the neighborhood, we are seeing everything from strong and stable markets to barebones housing markets." "The IAS360 HPI is not a seasonally-adjusted or smoothed index. Typically small month to month appreciation is present in the summer due to increased seasonal housing demand. Therefore, strengthening of the market in the summer can occur even when the longer term market trend might be downward," said McCarthy. For more information, visit www.iasreo.com.
Published
Aug 11, 2008
Embattled Boston, Dallas Fed Chiefs To Resign

Stepping down early amid criticisms of personal stock trades made during the pandemic

Regulation and Compliance
Sep 28, 2021
The Fed: Tapering Could Start In November

Open Market Committee also expects to raise federal funds rate a year earlier, in 2022

Regulation and Compliance
Sep 23, 2021
HUD, FHFA: Freddie Mac Can Buy Group Home-Backed Loans

Agencies issue rule clarification after a mortgage lender refused to lend to an individual renting to a group home

Regulation and Compliance
Sep 23, 2021
Fannie Mae Plans To Restart Credit Risk Transfers In 2021

Paused Since March 2020, New CRT Transactions To Begin In October

Regulation and Compliance
Sep 21, 2021
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021