CoreLogic: Home Prices Increased 2.1% In April

Posted by Patrick Barnard on June 03, 2014 No Comments
Categories : Residential Mortgage

U.S. home prices, including distressed sales, increased 2.1% in April compared to March and were up 10.5% compared to April 2013, according to CoreLogic's Home Price Index (HPI) report.

Excluding distressed sales (short sales and real estate owned [REO] transactions), home prices increased 1.1% compared to March and were up 8.3% compared to April 2013.

On a year-over-year basis, home prices have increased for each of the past 26 consecutive months, according to the report.

Not one state posted depreciation in April. What's more, Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, Texas and Wyoming all surpassed their previous home price peaks.

In all, 23 states and the District of Columbia are at or within 10% of their peak home price appreciation, according to CoreLogic.

CoreLogic forecasts that home prices, including distressed sales, will increase about 1% month over month from April to May, and by 6.3% to April 2015.

Excluding distressed sales, home prices are forecast to rise 0.8% from April to May and by 6.3% to April 2015.

For more, including a breakdown of which states saw the highest and lowest rates of appreciation in April, click here.

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