Home Prices Rise by 12% Over Year in January

CoreLogic Reports Home Prices Rise by 12 Percent Year Over Year in January

“Home prices nationwide, including distressed sales, increased 12 percent in January 2014 compared to January 2013. This change represents 23 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 0.9 percent in January 2014 compared to December 2013.”

“Additionally, over the past year, seven states equaled or grew faster than the nation as a whole, including Nevada, California, Oregon, Michigan, Georgia, Arizona and Florida.”

Including distressed sales, the five states with the highest home price appreciation were Nevada (+22.2 percent), California (+20.3 percent), Oregon (+14.3 percent), Michigan (+13.7 percent) and Georgia (+13.4 percent).