CoreLogic: Prices Tick Up, Sustainable in 2013
Buying a HomeAnother housing indicator is showing nationwide home prices moving up, with prices up 7.4 percent over year-ago levels, CoreLogic reports. That marks the biggest year-over-year increase since 2006. CoreLogic’s home price index includes sales prices of distressed properties, short sales, and bank-owned homes. When excluding distressed sales, home prices gained 6.7 percent in November year-over-year, according to CoreLogic. Notably, some of the largest home price gains are in Arizona, Nevada and California — places where investors continue to snap up properties to turn them into rentals. “For the first time […]