Home price appreciation has started strong in 2014. Nationwide, home prices rose 12% in January compared to a year ago according to CoreLogic’s January Home Price Index (HPI) report. Additionally, home prices rose 0.9% in January compared to December 2013. Both HPI percentages included distressed sales. Said CoreLogic’s chief economist, Dr. Mark Fleming, “The last time January month-over-month and year-over-year price appreciate was this strong was at the height of the housing bubble in 2006.”
At the state level, including distressed sales, single-family home prices saw year-over-year increases in Idaho (+11.1%), Montana (+5.3%), Washington (+11.6%) and Wyoming (+9.9%). To view the entire report, visit http://bit.ly/1cWe1Zq.