CoreLogic: Year-over-year home prices still rising

Source: The Business Journal

CoreLogic, a global property information, analytics and data-enabled services provider, today released its June CoreLogic Home Price Index (HPI) report showing that in Fresno and nationally, home prices continue to rise year over year. Month-over-month prices were up slightly from May to June. Home prices nationwide, including distressed sales, increased 7.5 percent in June compared to June 2013. The change represents 28 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.0 percent in June compared to May. In Fresno, home prices, including distressed sales, increased by 9.8 percent in June compared to June 2013. On a month-over-month basis, home prices, including distressed sales, increased by 0.6 percent in June compared to May. Excluding distressed sales, Fresno’s year-over-year prices increased by 10.3 percent in June compared to June 2013. On a month-over-month basis, excluding distressed sales, Fresno home prices increased by 1.2 percent in June compared to May.

Madera
In Madera, home prices, including distressed sales, increased by 13.2 percent in June compared to June 2013. On a month-over-month basis, home prices, including distressed sales, increased by 2.5 percent in June compared to May. Excluding distressed sales, year-over-year prices in Madera increased by 9.8 percent in June compared to June 2013. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI shows Madera home prices increased by 3.6 percent in June compared to May.

Visalia-Porterville
 In Visalia-Porterville, home prices, including distressed sales, increased by 13.2 percent in June compared to June 2013. On a month-over-month basis, home prices, including distressed sales, increased by 0.6 percent in June compared to May. Excluding distressed sales, year-over-year prices increased by 13.1 percent in June compared to June 2013. On a month-over-month basis, excluding distressed sales, the Visalia-Porterville home prices increased by 1.9 percent in June compared to May.

 Hanford-Corcoran
 In Hanford-Corcoran, home prices, including distressed sales, increased by 8.5 percent in June compared to June 2013. On a month-over-month basis, home prices, including distressed sales, increased by 1.3 percent in June compared to May. Excluding distressed sales, year-over-year prices increased by 16.6 percent in June compared to June 2013. On a month-over-month basis, excluding distressed sales, Hanford-Corcoran home prices increased by 1.3 percent in June compared to May.

URL to original article: http://thebusinessjournal.com/en/news/real-estate/13282-corelogic-year-over-year-home-prices-still-rising 

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