CoreLogic: Home Prices are Increasing at Fastest Rate in 5 Years

More good news from housing as CoreLogic, an independent provider of home price data, reports the largest jump in home prices in 5 years:

“Home prices nationwide, including distressed sales, increased on a year-over-year basis by 5 percent in September 2012 compared to¬†September 2011. This change represents the biggest increase since July 2006 and the seventh consecutive increase in home prices nationally on a year-over-year basis.¬† On a month-over-month basis, including distressed sales, home prices decreased by 0.3 percent in September 2012 compared to August 2012*. The HPI analysis from CoreLogic shows that all but seven states are experiencing year-over-year price gains.

Excluding distressed sales, home prices nationwide also increased on a year-over-year basis by 5 percent in September 2012 compared to September 2011. On a month-over-month basis excluding distressed sales, home prices increased 0.5 percent in September 2012 compared to August 2012, the seventh consecutive month-over-month increase. Distressed sales include short sales and real estate owned (REO) transactions.”

-------------------------------------------------------------------------------------------------------------------

Got a comment or question about this post? Send me a message on Twitter or send me an email here and I'll get back to you shortly.
Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

More Posts - Website

Follow Me:
TwitterLinkedIn