Nationwide Home Prices Rise 5% in a Year

IRVINE, CA-Home prices nationwide, including distressed sales, increased on a year-over-year basis by 5% in September compared to September 2011, according to a report by CoreLogic, a leading provider of information, analytics and business services here. The change represents the biggest increase since July 2006 and the 7^th consecutive increase in home prices nationally on a year-over-year basis.

On a month-over-month basis, however, including distressed sales, home prices actually decreased by 0.3% in September compared to August. Still, the HPI analysis from CoreLogic shows that all but seven states are experiencing year-over-year price gains.