IRVINE, CA-Home prices nationwide, includingdistressed sales, increased on a year-over-yearbasis by 5% in September compared to September 2011, according to areport by CoreLogic, a leading provider ofinformation, analytics and business services here. The changerepresents the biggest increase since July 2006 and the7th consecutive increase in home prices nationally on ayear-over-year basis.
On a month-over-month basis, however, including distressedsales, home prices actually decreased by 0.3% in September comparedto August. Still, the HPI analysis from CoreLogic shows that allbut seven states are experiencing year-over-year price gains.
“While prices on a month-over-month basis are declining, asexpected in the housing off-season, most states are exhibitingprice increases,” said Mark Fleming, chiefeconomist for CoreLogic, in a prepared statement. “Gains areparticularly large in former housing bubble states andenergy-industry-concentrated states.”
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
