Home prices increasing per Corelogic

CoreLogic Reports 2.6% Annual Increase in Home Prices

The analytics firm CoreLogic released its Home Price Index Monday, which shows that residential values in the United States rose in April on an annual basis -- the second consecutive monthly increase. The company reported that home prices, including distressed sales, were up 2.6 percent compared to April 2009. Excluding distressed sales, year-over-year prices increased by 2.2 percent, which seems to signal that distressed properties now are not as heavily discounted as they were a year ago and are closing the price gap between traditional, non-distressed homes.
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Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE
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