SOURCE: Integrated Asset Services

October 14, 2008 07:45 ET

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

IAS360 House Price Index Reports a National Decline of 0.2% for August

DENVER, CO--(Marketwire - 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/cs.html.

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.

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