Home prices in September posted their biggest yearly gain in more than 6 years, but prices displayed a typical seasonal slowdown and fell month-over-month, according to the Home Price Index (HPI) report from CoreLogic.
When including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006.
From August to September, prices decreased by 0.3 percent.
CoreLogic’s pending HPI projects continued yearly gains into October, with prices expected to rise by 5.7 percent from October 2011. As the winter season sets in, prices are expected to continue moving downward and drop 0.5 percent month-over-month. Read more...
When including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006.
From August to September, prices decreased by 0.3 percent.
CoreLogic’s pending HPI projects continued yearly gains into October, with prices expected to rise by 5.7 percent from October 2011. As the winter season sets in, prices are expected to continue moving downward and drop 0.5 percent month-over-month. Read more...
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