Home Prices Rise in September: CoreLogic
November 6, 2012 by Paul AusickCoreLogic expects October housing prices to rise 5.7% year-over-year and drop by 0.5% month-over-month as the seasonal slowdown in home sales begins. Excluding distressed sales, the year-over-year increase for October is forecast at 6.3% and the month-over-month estimate improves to a rise of 0.2%.
The company’s chief economist noted:
While prices on a month-over-month basis are declining, as expected in the housing off-season, most states are exhibiting price increases. Gains are particularly large in former housing bubble states and energy-industry concentrated states.
Including distressed sales, home prices rose the most in Arizona (prices up 18.7%), Idaho (13.1%), Nevada (11%), Hawaii (8.9%), and Utah (8.7%). Excluding distressed sales the biggest gains were posted in Arizona (14%), Idaho (10.5%), Nevada (9.5%), Montana (8.5%) and California (8.4%).
The CoreLogic press release is available here.
Paul Ausick
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.