Contact Information: Contact Information: Dan Mahoney 970-405-8060 dmahoney@csg-pr.com
DENVER, CO--(Marketwire - September 9, 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 July 2008. The
monthly report, which includes the most current and granular data available
in the industry, showed a 0.9% appreciation in house prices on a national
level in July, and a -11.4% decline from July 2007 to July 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.
"The IAS360 HPI is unique in that it's not a seasonally adjusted or
smoothed index," says Dave McCarthy, President and CEO of Integrated Asset
Services. "This combined with its timeliness and granularity give lenders,
investors and consumers a peek at the raw changes in home price forecasts
from the front lines."
At the broader census region level, results for July show three out of four
U.S. census regions experiencing gains in house prices, with only the West
region continuing to show a decline. On a year-over-year basis, however,
all four census regions are still posting losses, the most notable being
the West, the only region with a double-digit decline.
Results for the month of July at the Census Division level showed six out
of nine U.S. census divisions posting gains during July, but only two --
East North Central, which posted the largest jump in July, and West South
Central, which posted the largest decline -- have appreciated year over
year.
IAS also provides "neighborhood" level house price trends through its iMVI
product. More information on iMVI can be found on the IAS website,
www.iasreo.com/cs.html.
*Due to the timeliness of the data, the IAS360 House Price Index is subject
to revisions on a monthly basis.
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.