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US home prices hit pre-crash highs: CoreLogic

Capping off a 19-month uphill climb, U.S. home prices rose 12 percent in September compared to the same month a year ago, CoreLogic data show. The figure is the highest of any month since May 2008.

When distressed sales are excluded, prices rose 10.8 percent over the previous September and a mere 0.3 percent over August, Housing Wire reported, citing CoreLogic. Including distressed sales, they increased 0.3 percent month-over-month.

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The Pending Home Price Index projects that prices, including distressed sales, in October will be 12.5 percent higher than they were that month last year.

Nevada, California and Arizona have the highest home price appreciation in the U.S., at 25.3 percent, 22.5 percent and 14.6 percent, respectively. [Housing Wire] — Mark Maurer

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