Home price appreciation in November was 11.8% higher than a year ago according to CoreLogic’s most recent Home Price Index (HPI) report. This percentage represents home prices including distressed sales and “marks the 21st consecutive month of year-over-year home price gains.” In comparison to October 2013, November home prices were only 0.1% greater. Anand Nallathambl, CEO and president of CoreLogic points out that, “On a year-over-year basis, home prices have appreciated every month in 2013” and expects the housing market to continue to cool into 2014.
Home price appreciation increases in Idaho, Montana, Washington and Wyoming were reflected in CoreLogic’s HPI report. Compared to November 2012, and including distressed sales, home price appreciation in Idaho was +12.6%; Montana was +7.7%; Washington was +11.1%; and Wyoming was +11.0%. Read the full report at http://bit.ly/KFmXpf.