Home Prices Nudge Up

HousingWire reports CoreLogic says April home prices rose a mere 1.1% over last April, but it is the second year-over-year increase in 2012. Overall home prices have risen 2.2% April over March of this year; excluding distressed sales April grew 2.6% over March, and 1.9% above last April. Anand Nallathambi, president and CEO of CoreLogic notes the small but steady increases indicate the market is stabilizing. States with the greatest appreciation in April: Arizona +8.8%; District of Columbia +6.4%; Florida +5.5%; and Montana and Utah both grew +5.4%. States with the largest depreciation include: Delaware -11.9%; Illinois -6.8%; Alabama -6.6%; Rhode Island -6.2%; and Georgia -5.6%.

(Image credit: HousingWire)

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