Home prices rose in August by their
largest amount since July 2006, CoreLogic reports in its August Home
Price Index, which includes distressed sales.
Home prices increased 4.6 percent year-over-year in August. This
marks the sixth consecutive increase in home prices on month-over-month
and year-over-year bases too, CoreLogic reports.
The signs are pointing to a sharp increase in September, too.
Excluding distressed sales, CoreLogic’s forecast for home prices in
September shows home prices rising 6.3 percent compared to year-ago
levels.
Source: CoreLogic