July Price Increase Matches Boom Levels!

By September 12, 2012Ashley, Uncategorized

As Reported by Real Estate Economy Watch/Insight and Intelligence on Residential Real Estate!

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 3.8 percent in July 2012 compared to July 2011. This was the biggest year-over-year increase since August 2006.

CoreLogic today reported that on a month-over-month basis, including distressed sales, home prices increased by 1.3 percent in July 2012 compared to June 2012*. The July 2012 figures mark the fifth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.

Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 4.3 percent in July 2012 compared to July 2011. On a month-over-month basis excluding distressed sales, home prices increased 1.7 percent in July 2012 compared to June 2012, also the fifth consecutive month-over-month increase. Distressed sales include short sales and real estate owned (REO) transactions.

Read More By Clicking on the Attached Link!

http://www.realestateeconomywatch.com/2012/09/july-prices-soared-more-than-in-six-years/