July 2013

Found 1 blog entry for July 2013.

Home-Price Growth Fastest in 7 Years, CoreLogic Says

As housing inventory remains low, prices continue to rise, posting the fastest year-over-year growth since 2006, according to data released Tuesday.

Home prices, including distressed sales, rose 2.6 percent in May and were up 12.2 percent from a year earlier, the largest annual growth since February 2006, according to CoreLogic, an Irvine, Calif.-based analysis firm. Excluding short sales and other distressed properties, prices rose 2.3 percent in May and were up 11.6 percent from the year-earlier period.

"As we approach the halfway point of 2013, home prices continue to respond positively to the reductions in home inventory thus far," said Mark Fleming, CoreLogic's chief economist.

Annual

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