Home prices rose 6.9% in January compared to a year ago, according to CoreLogic.
At the same time, home prices rose 1.3% compared to December. The yearly and monthly comparisons both include distressed sales.
Washington and Colorado had the highest increase in sales on a yearly basis, at 11.6% and 10.9%, respectively. Two states showed a decline in home prices on year-to-year basis: Mississippi and Louisiana.
Distressed sales include short sales and real estate owned transactions.
"With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one," said Anand Nallathambi, president and CEO of CoreLogic.
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At the same time, home prices rose 1.3% compared to December. The yearly and monthly comparisons both include distressed sales.
Washington and Colorado had the highest increase in sales on a yearly basis, at 11.6% and 10.9%, respectively. Two states showed a decline in home prices on year-to-year basis: Mississippi and Louisiana.
Distressed sales include short sales and real estate owned transactions.
"With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one," said Anand Nallathambi, president and CEO of CoreLogic.
Mortgage Applications Drop Due to Lower Refinance Activity
Mortgage applications dropped during the week ending Feb. 26 as refinance activity fell to its lowest level since January,...
Millennials and non-whites make the strongest association between owning a home and the American dream, according to a...
CIT Group, the commercial lender run by John Thain, found a material weakness in the accounting of a mortgage business,...
');var $text = $('').text(text);var $meta = $('');var $newComment = $comment.append($text).append($meta);if ($('.no-comments').length) $('.no-comments').after($('').append($newComment));$('.no-comments').remove(); else $('#comments-box .comment').last().after($newComment);$('.comments-count').each(function()$(this).text(+$(this).text()+1););unction ajaxBusyTest() buttonOff();setTimeout(buttonOn, 3000);var commentOptions = client_id: 'nationalmortgage_news',story_id: '1072975',user_id: '', comment_message: '' // textarea or NOCOMMENT;function postComment(options, callback, doButtonOff) callback = callback ;function showNotification(message) $.fancybox(message+'
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