CoreLogic Case-Shiller Home Price Indexes Confirm 11.3-Percent Increase in Q4 2013

U.S. Home Prices Increase of 5.3 Percent Predicted for 2014

IRVINE, Calif., May 13, 2014 /PRNewswire/ -- CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released an analysis of home price trends during the fourth quarter of 2013 in more than 380 U.S. markets based on the CoreLogic Case-Shiller Indexes™.*

The CoreLogic Case-Shiller Indexes estimate that home prices increased by 11.3 percent in the fourth quarter of 2013 compared to the same time a year ago. Home prices nationwide were 20 percent above the trough reached in the fourth quarter of 2011, but remained 21 percent below the peak reached in the first quarter of 2006. The analysis projects that price appreciation is expected to slow across all U.S. markets to 5.3 percent nationally through the end of 2014, slightly above its long-term annual average of 4.5 percent recorded since 1975.

"Limited construction of new homes and low inventories of existing homes for sale contributed to the jump in prices," said Dr. David Stiff, principal economist for CoreLogic Case-Shiller™. "Developers remain cautious about building too many new houses until they see stronger demand in their markets."

The largest metropolitan areas, defined as those with populations greater than 950,000, that experienced the most rapid appreciation rates on a year-over-year basis compared to fourth quarter 2012 were Las Vegas (+26 percent), Riverside, Calif. (+24 percent) andOakland, Calif. (+23 percent). The three largest metropolitan areas that experienced no change were Oklahoma City, and Tulsa, Okla.and Virginia Beach, Va.

"There are a number of metropolitan areas that have reached new price peaks, including Houston, Dallas, Denver, Honolulu andPittsburgh," Dr. Stiff said. "These cities have never achieved price levels quite this high, not even in the record year of 2006."

Of the largest metropolitan areas, those with the greatest projected year-over-year gains through the end of 2014 are Tucson, Ariz.(+11 percent), Rochester, N.Y. (+9 percent) and Hartford, Conn. (+9 percent). The largest metropolitan areas with the smallest projected gains are Nashville, Tenn. (+2 percent), Sacramento, Calif. (+2 percent) and Warren, Mich. (+2 percent).

"For the remainder of 2014, investor demand and sales of foreclosed properties should drop off quickly. Traditional buyers are returning slowly to the market, but cannot replace demand from investors who led the market in recent years," Dr. Stiff said.

The CoreLogic Case-Shiller Indexes are owned and generated by CoreLogic. The historical home price trend information in this report is calculated from the proprietary CoreLogic Case-Shiller Indexes, supplemented with data from the Federal Housing Finance Agency(FHFA). One-year forecasts in this release are for the 12 months ending on Dec. 31, 2014. CoreLogic Case-Shiller home price forecasts are produced by CoreLogic and Moody's Analytics®.

*This quarterly analysis differs from the S&P/Dow Jones Case-Shiller monthly report. Although both reflect findings from the same dataset, this analysis includes local-level data for a greater number of markets over a different time frame. Additionally, this analysis differs from the monthly CoreLogic Home Price Index (HPI®) report which provides the most current indication of trends in home prices on a monthly basis.

Selected U.S. markets (other metropolitan areas available upon request):

Metropolitan Area	Population(2013)	Change in Home Prices(Q4 2012 to      Q4 2013)	Change in Home Prices(Q4 2010 to      Q4 2013)	Forecast Change in Home Prices (Q4 2013 to Q4 2014)
United States	316,128,839	11.3%	14.9%	5.3%
Las Vegas, Nev.	2,027,868	25.6%	29.4%	4.6%
Riverside, Calif.	4,380,878	23.8%	30.5%	4.1%
Oakland, Calif.	2,673,096	23.3%	32.0%	7.2%
Sacramento, Calif.	2,215,770	23.0%	30.2%	1.7%
Los Angeles, Calif.	10,017,068	20.3%	26.6%	5.2%
San Jose, Calif.	1,919,641	20.1%	36.8%	4.0%
San Francisco, Calif.	1,843,180	20.0%	33.4%	6.7%
West Palm Beach, Fla.	1,372,171	18.1%	23.5%	3.1%
Atlanta, Ga.	5,505,161	17.8%	13.0%	2.9%
Detroit, Mich.	1,775,273	17.5%	53.9%	2.2%
Orlando, Fla.	2,267,846	17.3%	24.6%	2.3%
Fort Lauderdale, Fla.	1,838,844	16.7%	23.2%	3.9%
Tampa, Fla.	2,870,569	16.1%	18.3%	7.0%
Miami, Fla.	2,617,176	15.8%	29.6%	3.8%
Phoenix, Ariz.	4,398,762	14.9%	40.6%	3.0%
Jacksonville, Fla.	1,394,624	14.0%	13.5%	4.6%
Warren, Mich.	2,519,710	13.4%	32.8%	1.9%
Houston, Texas	6,340,014	12.2%	25.8%	3.1%
Chicago, Ill.	7,961,024	11.5%	6.2%	5.1%
Tucson, Ariz.	996,554	10.5%	11.1%	11.4%
Columbus, Ohio	1,902,404	9.7%	12.9%	6.5%
Nassau-Suffolk, N.Y.	2,851,884	9.6%	3.4%	6.1%
Austin, Texas	1,883,051	9.3%	21.7%	2.5%
Salt Lake City, Utah	1,178,969	8.4%	16.4%	4.8%
Indianapolis, Ind.	1,823,479	8.3%	9.4%	6.2%
Fort Worth, Texas	2,248,605	8.0%	15.1%	7.4%
New Orleans, La.	1,219,225	7.3%	12.6%	6.6%
Milwaukee, Wis.	1,569,659	6.8%	2.9%	7.3%
Raleigh-Cary, N.C.	1,214,516	6.6%	5.7%	5.7%
Nashville, Tenn.	1,674,151	6.3%	12.6%	1.8%
Kansas City, Mo.	2,080,213	6.0%	12.1%	6.2%
Edison, N.J.	2,372,590	5.9%	1.0%	4.5%
Philadelphia, Pa.	4,063,958	5.2%	1.2%	7.7%
Baltimore, Md.	2,770,738	5.2%	3.7%	8.2%
Richmond, Va.	1,296,680	4.7%	7.3%	7.2%
St. Louis, Mo.	2,850,771	2.9%	5.4%	3.8%
Camden, N.J.	1,253,957	2.1%	-1.0%	7.8%
Hartford, Conn.	1,215,211	1.3%	-2.8%	8.9%
San Antonio, Texas	2,277,550	0.7%	10.5%	3.9%
Virginia Beach, Va.	1,702,484	-0.2%	-1.0%	2.0%
® 2014 CoreLogic Case-Shiller