Home price index increases
October, 2012
According to CoreLogic, a leading provider of information, analytics and business services, the August home price index increased 4.6 percent year-over-year.
The August Home Price Index report was recently released, showing the housing market is once again showing signs of improvement, and representing the largest year-over-year increase since July 2006.
“Again this month prices rose on a year-over-year basis and our expectation is for that to continue in September based on our pending HPI forecast,” said Mark Fleming, chief economist for CoreLogic. “The housing markets gains are increasingly geographically diverse with only six states continuing to show declining prices.”
Home prices also increased on a month-over-month basis, including distressed sales. The housing market experienced a 0.3 percent increase in August when compared to July, marking the sixth consecutive month of increases in home prices nationally on a year-over-year and month-over-month basis.
“Sustained economic recovery in the U.S. requires a healthy housing market," said Anand Nallathambi, president and CEO of CoreLogic. "You cannot have a healthy housing market without price stabilization and ultimately home price appreciation. Improving pricing trends over the past few months and our forecast for continued gains in September bode well for a progressive rebound in the residential housing market.”
The report also showed that, including distressed sales, the five states that had the highest home price appreciation were Arizona, Idaho, Nevada, Utah and Hawaii. Arizona's price appreciation totaled 18.2 percent.
The five states that had the largest home price depreciation were Rhode Island, Illinois, New Jersey, Alabama and Connecticut.
Out of all the states, there were only three that posted home price depreciation. They were Rhode Island, New Jersey and Alabama.
Clear Capital, one of the leading providers of data and real estate asset valuation, investment and risk assessment, recently released its Home Data Index, showing that Las Vegas has a yearly home price growth of 8 percent and 9.5 percent forecasted over the next six months. The improvement in the Las Vegas housing market could encourage more first-time home buyers to look to the city to secure a home.
Tidak ada komentar:
Posting Komentar