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CoreLogic Inc. : Home prices rise for first time in 8 months: Corelogic

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05/08/2012 | 02:35pm CEST
File photo of a house for sale in Los Angeles

Home prices rose in March for the first time since last July, helped by tighter housing inventory, data analysis firm CoreLogic said on Tuesday.

CoreLogic's home price index gained 0.6 percent from February, but was still down 0.6 percent compared with March a year ago.

Excluding sales of distressed properties, prices climbed 0.9 percent on a yearly basis. Homeowners in danger of foreclosure, or in "distress", often sell their homes at significantly reduced prices.

"This spring, the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices", Mark Fleming, chief economist at CoreLogic, said in a statement.

Of the top 100 statistical areas measured by population, 57 showed year-over-year declines, down from 65.

The closely watched S&P/Case Shiller index released in late April showed a rise in U.S. single-family home prices in February for the first time in 10 months, with a gain of 0.2 percent on a seasonally adjusted basis.

(Reporting By Leah Schnurr; Editing by Leslie Adler)

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Financials ($)
Sales 2017 1 857 M
EBIT 2017 247 M
Net income 2017 127 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 27,78
P/E ratio 2018 24,22
Capi. / Sales 2017 2,08x
Capi. / Sales 2018 2,01x
Capitalization 3 865 M
Duration : Period :
Corelogic Inc Technical Analysis Chart | CLGX | US21871D1037 | 4-Traders
Technical analysis trends CORELOGIC INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 44,6 $
Spread / Average Target -2,8%
EPS Revisions
Frank D. Martell President, Chief Executive Officer & Director
Paul F. Folino Chairman
James L. Balas Chief Financial Officer
James David Chatham Independent Director
Thomas C. O'Brien Independent Director
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