As reported to the Daily Real Estate News on Tuesday, October 07, 2014
Home prices continue to rise
nationwide, albeit at a slowing pace. Including distressed sales, home
prices rose 6.4 percent year-over-year in August, according to
CoreLogic's latest Home Price Index.
All 50 states showed year-over-year home price gains, with nine states soaring to new highs. Those states were:
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Alaska
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Colorado
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Iowa
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Louisiana
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Nebraska
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North Dakota
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Oklahoma
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Texas
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Wyoming
Nevertheless, "the pace of year-over-year appreciation continues to
slow down as real estate markets find more balance," says Mark Fleming,
chief economist at CoreLogic. "Home-price appreciation reached a peak of
almost 12 percent year-over-year in October 2013 and has since subsided
to the current pace of 6 percent. Continued moderation of home-price
appreciation is a welcomed sign of more balanced real estate markets and
less pressure on affordability for potential home buyers in the near
future."
CoreLogic forecasters predict that home prices will rise 5.2 percent from August 2014 to August 2015.
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