Sept. Home Price Increase Largest in Six Years

HousingWire reports Core Logic’s Sept. 2012 home price index (HPI) indicates national home prices increased five percent on a year-over-year basis. This represents the largest year-over-year increase since July 2006, and the seventh consecutive month of annual home prices increase. Oct. 2012 home prices, including distressed sales, are expected to increase 5.7 percent over the same month 2011. Anand Nallathambi, CoreLogic CEO, says, “So far this year, we’re seeing clear signs of stabilization and improvement that show promise for a gradual recovery in the residential housing market.” MHProNews has leaned HPI data shows all but seven states had year-over-year home price gains: Alabama, Connecticut, Delaware, Illinois, Kentucky, New Jersey and Rhode Island.

(Image credit: HousingWire–

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