By Jann Swanson
Posted To: MND NewsWire
Home prices, including sales of distressed properties, continued to appreciate on both an annual and a monthly basis in January. CoreLogic said that its Home Price Index including sales of foreclosed property and short sales, increased 5.7 percent in January compared to one year earlier. On a monthly basis the increase was 1.1 percent. Including distressed sales, only Maryland and Connecticut showed negative home price appreciation at -0.3 percent and -1.9 percent respectively. The five states with the highest home price appreciation were Colorado (9.1 percent), Michigan (9.0 percent), Texas and Wyoming (8.3 percent each), and Nevada (7.6 percent.) January was the 35 th consecutive month that the index has increased on a year-over-year basis and nationally prices are now 12.7 percent below…(read more)
Via:: CoreLogic sees Continued “Strong and Progressive Uptick in Prices”
