This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Home Prices in March Rise by 10.5%: Ahead of the Ticker

Stocks in this article: CLGX HBC GOOG

NEW YORK ( TheStreet) -- A report by CoreLogic (CLGX) said home prices in March rose by 10.5%, the biggest year-over-year increase in seven years.

Not only does it mark the biggest annual increase since 2006, but it also makes the 13th consecutive month of home price gains.

CoreLogic attributed the increase in home prices to higher demand for homes and a limited supply of them. The market researcher said excluding distressed sales, which include homes in danger of foreclosure and short sales, home prices climbed 10.7% during the period.

The top five states with the largest increase in home prices were Nevada, California, Arizona, Idaho and Oregon.

Looking ahead, CoreLogic said it expects prices to continue to grow in April but at a slower pace. It predicts prices will rise 1.3% into April, which would be a 9.6% annual increase.

HSBC (HBC) reported first-quarter profit that beat expectations on a drop in bad debt charges and cost-cutting efforts.

Europe's largest bank reported a pretax profit of $8.43 billion, up from $4.32 billion in the year-earlier period. Analysts, on average, expected profit of $8.1 billion.

Bad debt provisions fell by half to $1.2 billion -- the lowest quarterly level since prior to the financial crisis -- and costs in the quarter decreased 10% from the same period a year ago. HSBC has focused on reducing costs by cutting jobs and shedding businesses. The company says it is now saving $4 billion per year on an annualized basis, beating its own target of $3.5 billion.

CEO Stuart Gulliver said the bank still expects the eurozone economy to contract this year and the U.K.'s economic growth will continue to be lethargic.

YouTube may be getting ready to announce plans for paid subscriptions to be offered on the Web site.

YouTube told the Financial Times, "We have nothing to announce at this time, but we're looking into creating a subscription platform that could bring even more great content to YouTube for our users to enjoy and provide our creators with another vehicle to generate revenue from their content, beyond the rental and ad-supported models we offer."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs