Home Prices Are Rising At The Fastest Pace Since February 2006

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, June 4, 2013 Home Prices Are Rising At The Fastest Pace Since February 2006 Home prices (including distressed sales) climbed 12.1% year-over-year in April, according to Corelogic's latest home price report. Home prices were up 3.2% month-over-month in April.  This was the biggest year-over-year increase since February 2006, and the 14th straight monthly increase. Moreover, on an annual basis, home prices were up in all 50 states for the second straight month.  Ex-distressed sales home prices were up 11.9% on the year, and 3% on the month.  "Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent or more," said Mark Fleming, CoreLogic CEO in a press release.  Here some details from the report: Including distressed sales home prices rose the most in Nevada, up 24.6% and fell the most in Mississippi, down 1.7%. Ex-distressed sales home prices climbed the most in Nevada, up 22.6%, and none state saw home prices fall. The peak-to-current decline in home prices, from April 2006 to April 2013, was -22.4%. The CoreLogic Pending home price index suggests that May home prices will rise 12.5% on a YoY basis, and 2.7% on a monthly basis. Here's a look at home prices from January 2002 on: Read » Also On Money Game Today: The Japanese Government Could Light A Fire Under The Japan Trade Again Tonight Warren Buffett Shelves Plans To Build A Nuclear Plant Advertisement CHART OF THE DAY: The Istanbul Stock Market Gets Obliterated CHART OF THE DAY: Euro Unemployment Hits Its Worst Level Ever CHART OF THE DAY: Here's What 515 Interest Rate Cuts And $12 Trillion Will Do To The Global Credit Markets Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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