CoreLogic: U.S. Home Prices Up 12 Percent in January

U.S. home prices rose 12 percent in January 2014 from the same month of last year and are up 0.9 percent from December 2013, reports CoreLogic. A new report from the real estate analytics firm indicates that there have now been 23 months of consecutive year-over-year increases in home prices nationwide. Louisiana, Nebraska, and Texas hit new home-price peaks in January; and 22 states and the District of Columbia are at or within 10 percent of their peak home price appreciation. Nevada had the highest home price appreciation at 22.2 percent, followed by California at 20.3 percent, Oregon at 14.3 percent, Michigan at 13.7 percent, and Georgia at 13.4 percent. Excluding distressed sales, home prices are up 9.8 percent from January 2013 and up 0.7 percent from December 2013. “Nationwide price growth like this should continue as the market comes out of hibernation for the spring buying season,” predicts CoreLogic President and CEO Anand Nallathambi. | Read More