facebook
twitter
rss
account
search
search
 

Home prices rise 5 percent September

Nov. 6, 2012 at 2:44 PM   |   Comments

IRVINE, Calif., Nov. 6 (UPI) -- U.S. home prices in September rose 5 percent over September 2011, the largest annual gain since July 2006, research firm CoreLogic said Tuesday.

September marked the seventh consecutive month of year-over-year gains in home prices, although prices slipped 0.3 percent compared to August 2012, the firm said.

Across the country all but seven states experienced price gains compared to 12 months earlier.

Excluding prices or distressed properties, home prices rose the same 0.5 percent over the course of the year, but gained instead of lost ground compared to August.

Excluding distressed property sales, prices rose 0.5 percent month-to-month.

Distressed property sales involved short sales with the homeowner settles for less than the amount owed on the mortgage and homes seized by lending institutions.

CoreLogic said its pending home sale index indicates prices are expected to rise 5.7 percent in October 2012 compared to October 2011.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Surplus Department of Defense rolling stock on auction block Surplus Department of Defense rolling stock on auction block
2
Ukrainian gas deal 'within reach,' Europe says Ukrainian gas deal 'within reach,' Europe says
3
WTI, Brent search for traction WTI, Brent search for traction
4
Insitu Inc. announces next-generation ScanEagle 2 Insitu Inc. announces next-generation ScanEagle 2
5
Russia completes helicopter deliveries to Afghanistan Russia completes helicopter deliveries to Afghanistan
Trending News
Around the Web
x
Feedback