REAL ESTATE TRENDS
HOME PRICES INCREASE IN AUGUST
Nationwide, home prices, including distressed sales, increased 6.4 percent in August compared with a year ago, according to the August CoreLogic Home Price Index report. The change represents 30 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 0.3 percent in August compared with July.
At the state level, including distressed sales, all states showed year-over-year home price appreciation in August.
Nationwide, home prices, including distressed sales, increased 6.4 percent in August compared with a year ago, according to the August CoreLogic Home Price Index report. The change represents 30 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 0.3 percent in August compared with July.
At the state level, including distressed sales, all states showed year-over-year home price appreciation in August.
Excluding distressed sales, home prices increased 5.9 percent nationally in August compared with the previous year and 0.3 percent month-over-month compared with July.
The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase 0.2 percent month over month from August 2014 to September 2014 and, on a year-over-year basis, by 5.2 percent from August 2014 to August 2015. Excluding distressed sales, home prices are expected to rise 0.2 percent month over month from August 2014 to September 2014 and 4.7 percent year over year from August 2014 to August 2015.
The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase 0.2 percent month over month from August 2014 to September 2014 and, on a year-over-year basis, by 5.2 percent from August 2014 to August 2015. Excluding distressed sales, home prices are expected to rise 0.2 percent month over month from August 2014 to September 2014 and 4.7 percent year over year from August 2014 to August 2015.
Including distressed sales, the five states with the highest home price appreciation were: Michigan, 11.1 percent; California, 9.2 percent; Nevada, 9.2 percent; Maine, 9 percent; and West Virgina, 8.7 percent.
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