Home prices decline 4.3% in november: corelogic

Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic (CLGX: 13.41 +3.55%) in its November Home Price Index.

Santa Ana, Calif.-based CoreLogic said home prices declined 1.4% from October to November, making it the fourth consecutive monthly decline.

When excluding distressed home sales, prices year-over-year fell only 0.6%, compared to 1.6% in October. Distressed sales include all short sales and REO deals.

"With one month of data left to report, it appears that the healthy, non-distressed market will be very modestly down in 2011," said Mark Fleming, CoreLogic's chief economist. "Distressed sales continue to put downward pressure on prices, and is a factor that must be addressed in 2012 for a housing recovery to become a reality."

Source:  HousingWire.com