Corelogic Issues March Home Price Index
Nationally, April prices are expected to rise 9.6% year-over-year. Florida prices remain 42.8% below peak values. Only Nevada is lower at 49.2%. Nationally, prices remain 25.1% below peak values.
Palm Coast, FL – May 8, 2013 – Corelogic released its March Home Price Index Report. The Corelogic HPI indicates that April home prices are expected to rise by 9.6% on a year-over-year basis and by 1.3% over March. Excluding distressed sales, April home prices are expected to rise 12.0%.
“Home prices continue to rise at a double-digit rate in March led by strong gains in the western region of the U.S. Looking ahead, our pending index for April indicates that upward price appreciation will continue. Much of the price increases we are seeing are the result of rising demand among investors and homebuyers for a still-limited supply of homes for sale,” says Anand Nallathambi, president and CEO of Corelogic.
Top five states registering year-over-year home price appreciation in March
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Nevada: +22.2%
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California: +17.2%
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Arizona: +16.8%
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Idaho: + 14.5%
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Oregon: +14.3%
States registering year-over-year price dceclines
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Delaware: -3.7%
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Alabama: -3.1%
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Illinois: -1.8%
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West Virginia: -0.3%
Five states remaining furthest from peak values
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Nevada: -49.2%
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Florida: -42.8%
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Michigan: -38.9%
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Arizona: -37.8%
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Rhode Island: -36.2%
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