Compared to 2011, home prices continued to show strong gains in October and posted their biggest yearly increase since June 2006, according to data from CoreLogic.
Home prices—including distressed sale—climbed 6.3 percent higher year-over-year in October, marking the eighth consecutive month of yearly gains. Distressed sales include transactions for REOs and short sales.
With the conclusion of the home-buying season, home prices dropped by 0.2 percent from September to October.
According to the data provider’s pending home price index, prices should further increase yearly by 7.1 percent in November when including distressed sales. See which states ....
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