January 2013 Home Prices Up 9.7% Over a Year Ago

Year-over-year, and including distressed property sales, national home prices increased by 9.7% in January per CoreLogic’s January 2013 Home Price Index report. In a month-over-month comparison, also including distressed sales, national home prices in January were 0.7% greater than in December 2012. CoreLogic’s chief economist, Mark Fleming, stated, “With these gains, the housing market is poised to enter the spring selling season on sound footing. The improvements are materializing across the country, with all but Delaware and Illinois showing increasing HPI and 15 states within 10% of their peak values.”

In the top five states that had the highest price appreciation, including distressed sales and excluding distressed sales, was Idaho. Including distressed sales, Idaho’s price gains were +14.9%. Excluding distressed sales, Idaho’s price gains were +13.2%. http://bit.ly/YhiXd9

Share this article: