Home Prices Increase
The real estate tracking company CoreLogic, just reported this morning that their home price index jumped 1.9% from February to March. But, the big news was that the index for March 2013 was 10.5% higher than the year ago period! This was the biggest increase for the home price index since March 2006.
When distressed home sales were taken out of the index, the year over year gain increased to 10.7%! In the same report it was shown that the largest home price increases were seen in Nevada, California, Arizona, Idaho and Oregon.
CoreLogic said,that they expected home prices to continue to increase in April, though at a slower pace.
