Falling House Prices in August Adds Pressure to an Already Volatile Economy

Integrated Asset Services, LLC (IAS, www.iasreo.com), a baton in absence administration and residential accessory valuation, today appear its IAS360 House Price Index for August 2008. The account report, which includes the a lot of accepted and diminutive abstracts accessible in the industry, showed a 0.2 % abatement in abode prices on a civic akin in August, and an 11.6% abatement from August 2007 to August 2008.

The IAS360 House Price Index is a absolute apartment basis tracking account change in the average sales amount of alone single-family residences above the U.S. The index, based on all arms-length transactions, advance abstracts at a “neighborhood” level, which is again formed up to address on the changes in 360 counties, nine demography divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a account basis.

“As the abridgement continues to abate anybody is watching the apartment bazaar for signs of a recovery,” says Dave McCarthy, President and CEO of Integrated Asset Services. “The IAS360 HPI’s adeptness to barometer apartment animation on a diminutive akin and in a appropriate address makes it the a lot of capital abode amount basis accessible for investors, lenders and consumers during these agitated times.”

At the broader demography arena level, after-effects for August appearance three out of four U.S. Census regions experiencing declines in abode prices, with alone the Northeast arena continuing to appearance a apparent improvement, up 1.3%. Showing the a lot of cogent accident a allotment of the four demography regions is the West with a year-over-year double-digit abatement of 18 %.

Results for the ages of August at the demography analysis akin showed 5 out of nine U.S. Census Divisions announcement assets during August. New England led the way with a 2.4% acknowledgment and Mountain, Middle Atlantic and West South Central announcement 1.1%, 0.4% and 0.2% acknowledgment respectively. That said all nine demography capacity acquaint declines year-over-year with Pacific and Mountain capacity advancement bifold chiffre declines.

Integrated Asset Services
Leveraging absolute time abstracts and civic resources, IAS' high-tech and high-touch artefact band offers an incomparable akin of detail in a rapidly alteration apartment environment. IAS letters on "neighborhood" akin abode amount trends, residential bazaar altitude and accessory valuation. IAS aswell provides a belvedere for REO Management and Disposition.

More advice on these casework can be begin on the IAS website, www.iasreo.com.

REO Management: http://www.iasreo.com/reo.html
Broker Price Opinions: http://www.iasreo.com/bpo.html
Automated Valuation Models: http://www.iasreo.com/avm.html
Market Volatility: http://www.iasreo.com/imvi.html

Contact info@iasreo.com if you’re absorbed in acquirements added about these services.

Editor’s Note: Additional IAS360 abstracts and archive are accessible aloft request.

About Integrated Asset Services, LLC.
IAS (www.iasreo.com) is a privately-held Colorado-based association specializing in absence mortgage casework including valuation, adaptation and abounding aeon REO disposition. The Company’s beat appraisal and animation technology accumulated with its able able casework advice its audience abate acknowledgment while expediting the absolute asset administration process. Founded by REO industry experts, IAS provides casework that go above industry expectations; from the akin of candor of its advisers to the measurably bigger account it commonly provides.

This columnist absolution contains assorted advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995 apropos approaching after-effects of operations and bazaar opportunities that are based on InteliReal and IAS’ accepted expectations, assumptions, estimates and projections about the aggregation and its industry. Investors are cautioned that absolute after-effects could alter materially from those advancing by the advanced statements as a aftereffect of the success of IAS’ branding and chump acquaintance attack and added business efforts; antagonism from absolute and abeyant competitors; and IAS’s adeptness to abide to advance and accommodate new products, casework and technologies. Due to the accommodation of the data, the IAS360 House Price Index is accountable to revisions on a account basis.