Integrated Asset Services
DENVER, CO — Integrated Asset Services, LLC (IAS), a leader in default management and residential collateral valuation, today launched its highly anticipated, monthly-reported IAS360 House Price Index. The new Index represents the industry’s first clear representation of U.S. Housing market trends at a county level. In its first release, IAS360 House Price Index April data shows that while many areas of the country are still feeling the pinch of the credit crunch there are measurable improvements in some of the nation’s hardest-hit areas.
The new IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences in more than 15,000 “neighborhoods”
“Given the granularity, the methodology, and the timely monthly reporting of the IAS360, we are able to provide the market with early warning signs on housing price trends,” said David McCarthy, President and CEO of IAS. “When the housing markets are rosy, a 50,000 foot view may be acceptable. But when we are facing tumultuous markets, we need to go deeper to understand what is truly going on to make smart decisions.”
The IAS360 April data demonstrates the significance of this granular approach to housing price analysis. Data through the end of the month shows improvement in some of the most depressed areas of the country, even while others that have been somewhat sheltered from the credit crisis are just beginning to feel its impact (see chart below). On a national level, the housing picture is still challenging, with April year-over-year sales declining -9.72% overall; sales declined -1.82% on top of a .04% drop the previous month.
But at the same time, the picture at the regional level is far more encouraging--
Contact Dan Mahoney at dmahoney@csg-
“The key is that the generalized view of the market being reported in the news today doesn’t paint the full picture for consumers and investors,” continued McCarthy. “The residential real estate market is a local phenomenon and it is important to analyze it as such. Looking at the more granular data provided by the IAS360 actually demonstrates pockets of opportunity.”
According to recently released data from S&P/Case-Shiller, Las Vegas continues to share the distinction of being one of the weakest markets over the past 12 months through February on a macro level. However, the IAS360 shows two months of consecutive improvement in housing prices in Las Vegas’ Clark County, one of the largest counties in Nevada.
Additionally, Arapahoe County in Colorado posted a 1.38% increase for the month of April, despite a year-over-year decline of -9.30%. During the same time period Riverside County, California and Maricopa County, Arizona have begun to show signs of leveling off after experiencing double-digit declines in year-over-year housing prices.
Contact Dan Mahoney at dmahoney@csg-
“The market is truly segmented at every level, the region, the county, and down to an individual neighborhood. An index that can truly show pricing at the neighborhood level for most of the nation is a very promising and timely development,”
Moving forward, the new IAS360 House Price Index will be reported on a monthly basis. The next analysis covering housing trends from May data will be released during the first week of July.
Editor’s Note: Regionalized data and charts are available. For more detailed analysis and visual support for stories, please contact:
Dan Mahoney
970-405-8060
dmahoney@csg-
IAS also provides “neighborhood”
About Integrated Asset Services, LLC.
IAS is a privately-held Colorado-based corporation specializing in default mortgage services including valuation, reconciliation and full cycle REO disposition. The Company’s advanced valuation and volatility technology combined with its expert professional services help its clients reduce exposure while expediting the entire asset management process. Founded by REO industry experts, IAS provides services that go beyond industry expectations;
This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on InteliReal and IAS’ current expectations, assumptions, estimates and projections about the company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of the success of IAS’ branding and consumer awareness campaign and other marketing efforts; competition from existing and potential competitors;
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