Highest Annual Home Price Appreciation Since March 2006, More Expected -CoreLogic

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Posted To: MND NewsWire

Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The company's HPI Report said March marked the 13 th consecutive month that its home price index that includes distressed sales increased compared to the same month a year earlier. Distressed sales include both bank-owned real estate (REO) and short sale transactions. The index excluding distressed sales was up 10.7 percent compared to March 2012 The HPI including short and REO sales increased 1.9 percent from February to March. With distressed sales excluded the month-over-month increase was 2.4 percent. "For the first time since March 2006 , both the overall index and the index that excludes distressed sales are above 10 percent year over year," said...(read more)

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Source: http://www.mortgagenewsdaily.com/05072013_home_prices.asp

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