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 7th 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.

“While prices on a month-over-month basis are declining, as expected in the housing off-season, most states are exhibiting price increases,” said Mark Fleming, chief economist for CoreLogic, in a prepared statement. “Gains are particularly large in former housing bubble states and energy-industry-concentrated states.”

 

Prices, for both distressed and non-distressed homes, have been on the rise since January after a dip between year-end ’09 and March ’11.

Some states saw a greater-than-6% rise in home prices, including distressed homes, from a year ago, while others saw smaller increases or no change at all.

When distressed sales are excluded from the total, Alabama was the only state that experienced no change in sale prices from a year ago, while others saw up to a 6% rise.

*charts courtesy of CoreLogic

For the complete report, click here. For more information on distressed asset investments, click here.