Tag Archives: IAS360

Home prices rose 4 percent during the third quarter, according to the latest IAS360 index from Integrated Asset Services. The index also posted a 0.4 percent gain from the beginning of the year and a 0.6 percent gain from the third quarter of last year. ""I did a double-take when I saw the numbers,"" says Paul Sveen, CEO of Integrated Asset Services. He says the market is behaving like it's already hit bottom, but it's likely just the calm before the storm considering the large volume of distressed properties hidden in the shadows.

Housing prices increased 2 percent over the second quarter of 2011, according to the IAS360 House Price Index compiled by Integrated Asset Services (IAS). In contrast to the previous quarter, prices rose in all four of the U.S. Census regions. The smallest increase was in the West - a region hard-hit by the housing crisis - which reported a 0.1 percent rise. IAS attributes the recent gains, at least in part, to delays in foreclosure processing due to legal battles.

Integrated Asset Services (IAS) says the size and scope of home price declines are accelerating across the nation. The firm's IAS360 House Price Index declined another 2.6 percent over the first three months of 2011. At the end of March, the IAS360 was standing at a level not seen since the second quarter of 2003. The company says foreclosures are expected to rise to 1.2 million this year, adding to an already engorged housing supply and exerting further downward pressure on property values.

Two separate industry gauges released Tuesday indicate that despite the ups and downs seen in monthly reports on home prices over the last year, residential property values ended 2010 relatively unchanged from 2009 levels. Reports from both Integrated Asset Services and CoreLogic point to level ground over the 12-month period, although consecutive month-to-month declines were the dominant pattern during the latter part of the year without the homebuyer tax credit incentives.

Residential property values fell 0.2 percent at the national level during the third quarter, according to Integrated Asset Services (IAS). In front of a seasonal slow-down in home sales, IAS says the data foreshadow ""particularly difficult times ahead"" for the housing market and for the U.S. economy. The company's report confirms that the nation's most devastated counties are showing no signs of bottoming. The robo-signing controversy is expected to slow the housing correction even further as banks hold back foreclosures.

Integrated Asset Services (IAS) is reporting a modest second quarter price gain for the U.S. housing market. The valuation company's latest IAS360 index shows a 1.1 percent increase in home prices nationally for the three-month period ending in June. But despite the April tax credit and the arrival of the springtime buying season giving at least a short term lift to prices, IAS says its neighborhood trend lines indicate that house prices around the nation are still looking for a bottom.