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

Released on: October 14, 2008, 1:21 pm

Press Release Author: Dan Mahoney / Integrated Asset Services

Industry: Financial

Press Release Summary: IAS360 House Price Index Reports a National Decline of 0.2%
for August

Press Release Body: DENVER, CO, October 14, 2008 - Integrated Asset Services, LLC
(IAS, www.iasreo.com), a leader in default management and residential collateral
valuation, today released its IAS360 House Price Index for August 2008. The monthly
report, which includes the most current and granular data available in the industry,
showed a 0.2 % decline in house prices on a national level in August, and an 11.6%
decline from August 2007 to August 2008.

The IAS360 House Price Index is a comprehensive housing index tracking monthly
change in the median sales price of detached single-family residences across the
U.S. The index, based on all arms-length transactions, tracks data at a
"neighborhood" level, which is then rolled up to report on the changes in 360
counties, nine census divisions, four regions, and the nation overall. The IAS360
House Price Index is delivered on a monthly basis.

"As the economy continues to weaken everyone is watching the housing market for
signs of a recovery," says Dave McCarthy, President and CEO of Integrated Asset
Services. "The IAS360 HPI's ability to gauge housing volatility on a granular level
and in a timely manner makes it the most essential house price index available for
investors, lenders and consumers during these tumultuous times."

At the broader census region level, results for August show three out of four U.S.
Census regions experiencing declines in house prices, with only the Northeast region
continuing to show a marked improvement, up 1.3%. Showing the most significant loss
among the four census regions is the West with a year-over-year double-digit decline
of 18 %.

Results for the month of August at the census division level showed five out of nine
U.S. Census Divisions posting gains during August. New England led the way with a
2.4% appreciation and Mountain, Middle Atlantic and West South Central posting 1.1%,
0.4% and 0.2% appreciation respectively. That said all nine census divisions posted
declines year-over-year with Pacific and Mountain divisions maintaining double digit
declines.

Integrated Asset Services
Leveraging real time data and nationwide resources, IAS' high-tech and high-touch
product line offers an unmatched level of detail in a rapidly changing housing
environment. IAS reports on "neighborhood" level house price trends, residential
market climate and collateral valuation. IAS also provides a platform for REO
Management and Disposition.

More information on these services can be found 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 interested in learning more about these services.

Editor's Note: Additional IAS360 data and charts are available upon request.

About Integrated Asset Services, LLC.
IAS (www.iasreo.com) 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; from the level of
integrity of its employees to the measurably better service it routinely provides.

###

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; and IAS's ability to continue
to develop and integrate new products, services and technologies. Due to the
timeliness of the data, the IAS360 House Price Index is subject to revisions on a
monthly basis.


Web Site: http://iasreo.com/

Contact Details: Contact Information:
Dan Mahoney
970-405-8060
dmahoney@csg-pr.com
Integrated Asset Services, LLC
4600 S. Syracuse Street, Suite 700
Denver, CO 80237

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •