Friday, April 5, 2013

Largest Increase in Home Prices Since 2006!

Home prices nationwide soared 10.2% in February!  This is the largest year-over-year increase in home prices since March 2006, according to CoreLogic.  It also marks the twelfth consecutive monthly increase in national home prices.

According to CoreLogic’s report, these figures includes distressed sales.  When excluding distressed sales, home prices rose 10.1% year-over-year in February.

Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases.  CoreLogic predicts that home prices (excluding distressed sales) are expected to rise 11.4% year-over-year from March 2012.

Off to a great start in 2013!         
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