CoreLogic Reports Home Prices Increased By 12% Year over Year in January 2014
CoreLogic released more good news recently by producing new data which shows that home prices increased by 12% year-over-year in January 2014.
The housing statistics also show that distressed sales also increased in January 2014 as well, compared to January 2013, and the Real Estate market has enjoyed 23 straight months of increases.
Best Gains Since 2006
In spite of the bad weather that the country has experienced in the first half of 2014 the Real Estate market is on track to have the best gains since before the housing market collapse in 2006.
In a recent interview Anand Nallathambi CEO of CoreLogic said “Excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation for January, Nationwide price growth like this should continue as the market comes out of hibernation for the spring buying season”.
Price Appreciation Softening?
Although data from CoreLogic shows that the housing market is still going strong, recent data from Standard & Poor’s Case-Shiller shows that home price appreciation actually softened during the first quarter of this year.
Regardless of which data you follow, price appreciation is still good news for home owners who struggled through the lean years following the Real Estate collapse and are now able to enjoy some equity in their homes.
Home prices also across the United States increased by 0.9% in January of this year compared to December 2013 and home prices in 22 states across the country are rapidly approaching their peak home appreciation especially in Oregon, California, Arizona, Florida and Georgia.
CoreLogic creates their reports based on metrics that they take from the most current Real Estate market trends and also recent price changes for homes that are listed with the Multiple Listing Service.
For more information on the latest CoreLogic data, or to learn what your Bend Oregon home is worth, contact me today by calling (541) 383-1426.