CoreLogic: Home Prices Up In November

Posted by Orb Staff on January 15, 2013 No Comments
Categories : Residential Mortgage

13094_house_green_roof CoreLogic: Home Prices Up In November Home prices nationwide, including distressed sales, increased on a year-over-year basis by 7.4% in November 2012 compared to November 2011, according to new data from Irvine, Calif.-based CoreLogic. November's data represents the biggest increase since May 2006 and the ninth consecutive increase in home prices nationally on a year-over-year basis.

On a month-over-month basis, including distressed sales, home prices increased by 0.3% in November 2012 compared to October 2012.

Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 6.7% in November 2012 compared to November 2011. On a month-over-month basis excluding distressed sales, home prices increased 0.9% in November 2012 compared to October 2012.

‘For the first time in almost six years, most U.S. markets experienced sustained increases in home prices in 2012,’ says Anand Nallathambi, president and CEO of CoreLogic. ‘We still have a long way to go to return to 2005-2006 levels, but all signals currently point to a progressive stabilization of the housing market and the positive trend in home price appreciation to continue into 2013.’

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