Home Prices Show Largest Annual Increase in Nearly Seven Years

Posted To: MND NewsWireHome prices in December posted the largest annual increase in nearly seven years according to CoreLogics Home Price Index (HPI) report. December was also the 10th consecutive month in which home prices increased nationally. The index that included distressed sales (sales of owned real estate and short sales) increased by 8.3 percent compared to December 2011, the largest increase since May 2006. With distressed sales excluded the HPI increased 7.5 percent year over year. Prices were up 0.4 percent including distressed sales and 0.9 percent excluding distressed sales compared to November. CoreLogics Pending HPI including distressed sales predicts that prices in January will rise by 7.9 percent on a year-over-year basis from January 2012 and fall by 1 percent on a month-over-month basis from...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/02052013_home_prices_corelogic_hpi.asp @ uwad.com