IRVINE, CA—CoreLogic, a leading global property information, analytics and data provider, says home prices nationwide, including distressed sales, increased 5.6% in September 2014 compared to September 2013.

That data is part of the company's September CoreLogic Home Price Index report. This change represents 31 months of consecutive year-over-year increases in home prices nationally.
On a month-over-month basis, home prices nationwide, including distressed sales, dropped by 0.% percent in September 2014 compared to August 2014.

"There has been a clear bifurcation in home price growth for lower-end versus upper-end properties in 2014," said Sam Khater, deputy chief economist at CoreLogic. "As of December 2013, both lower-end and upper-end property prices were up 9.7% on a year over year basis. As of September, lower-end prices were up 9.4% but upper-end prices were up only 4.5%."
At the state level, including distressed sales, all states showed year-over-year home price appreciation in September. Two of those states, Michigan and Montana, showed double-digit year-over-year growth. Twenty-eight states and the District of Columbia were at or within 10% of their home price peak. The HPI reached new highs in a total of five states: Colorado, Nebraska, North Dakota, South Dakota and Texas.
Excluding distressed sales, home prices nationally increased 5.2% in September 2014 compared to September 2013 and 0.1% month over month compared to August 2014.

Headquartered in Irvine, CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, visit www.corelogic.com.

Instant Insights /

CoreLogic: Home Prices Jump 5.6%

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