The housing recovery has picked up
speed, as home prices posted their highest year-over-year gain since
February 2006, according to the latest housing data from CoreLogic.
CoreLogic's home price index climbed 12.1 percent in April over
year-ago levels. Home prices have been on the rise for more than a
year.
"The pace of the housing market recovery quickened in April as home
prices rose across the U.S.," says Anand Nallathambi, CoreLogic's chief
executive officer. "We expect this trend to continue, bolstered by tight
supplies and pent-up buyer demand."
Source: “April home prices see biggest yearly gain in seven years: CoreLogic,” Reuters (June 4, 2013) and “U.S. Home Prices In April Jumped Most in 7 Years,” The Associated Press (June 4, 2013)