The document summarizes home price data from various sources in November 2011. Most sources showed a typical seasonal month-to-month decline in home prices except for the FHFA price index and CoreLogic index, which increased slightly. Year-over-year comparisons showed price declines of 1-4% from the previous year, around the same as prior months. New home prices continued to fluctuate due to low construction levels. Distressed home sales remained around 30% of total sales, slowing price growth. Low inventories, declining delinquencies, and stable buyer traffic were expected to support prices despite limited new home construction options for buyers.

1. Home Price Monitor November 2011 National Association of REALTORS® Research Division Cutting Through the Noise: Various Home Price Measure

4. Home Prices Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

5. Home Price Data – Year over Year Change Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

6. Home Price Changes *All data are not seasonally adjusted. Monthly changes should typically be computed only for Seasonally Adjusted (SA) data. Because these change rates are often covered in the media regardless of their suitability for analysis, they are presented here but should be used with caution. Annual (yr-over-yr) changes computed for Not Seasonally Adjusted (NSA) data give a measure that is not affected by seasonal fluctuations. Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER

7. Spread of Existing Home Price Changes Year over Year Sources: NAR, Case-Shiller, CoreLogic, FHFA, HAVER

8. Supply and Demand Factors – Inventory Sources: NAR

9. Supply – New Housing Starts and Permits Sources: Census

10. Underlying Demand – Job Growth and Hires Sources: BLS

11. Potential Job Growth – Openings Sources: BLS

12. Housing Affordability Sources: NAR

13. About the Price Data Series Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER