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.
SUNIL SETHI REAL ESTATE
Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94536