U.S home prices rose 4.6 percent in August — marking largest year-over-year increase since 2006

New York /
Oct.October 02, 2012 12:30 PM

Continuing a streak, home prices nationwide and those in the New York City area increased in August, according to a CoreLogic report released today.

The nationwide tally marked a milestone: Home prices, including distressed sales, increased year-over-year in August by 4.6 percent, which is the largest year-over-year climb since July 2006. Month-over-month, home prices inched up 0.3 percent in August. Without distressed sales, home prices saw a 4.9 percent year-over-year increase and a 1 percent month-over-month improvement.

In the New York/White Plains (N.Y.)/-Wayne (N.J.) region, home prices with distressed sales factored in rose by 3.4 percent year-over-year in August; in July, there was a 1.4 percent year-over-year increase. As The Real Deal reported last week, New York was one of three U.S. cities to post a year-over-year decline in July: 2.6 percent, according to the S&P/Case-Shiller Home Price Index. Month-over-month including distressed sales, the index rose 2 percent. Excluding distressed sales, New York City-area prices increased 3.6 percent year-over-year in August and 1 percent month-over-month.

Both including and excluding distressed sales, Arizona saw the highest home price appreciation: 18.2 percent and 13 percent, respectively. Rhode Island saw the greatest depreciation for the same categories: 2.6 percent including distressed sales and 1.7 percent excluding them. — Zachary Kussin


Related Articles

arrow_forward_ios
Lumber prices head higher as pandemic rollercoaster take another spin
Lumber prices head higher as pandemic rollercoaster take another spin
Lumber prices head higher as pandemic rollercoaster take another spin
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Ribbon co-founders Shaival Shah and Wei Gan (Ribbon, iStock)
Homebuying startup Ribbon to take on Midwest, West Coast markets
Homebuying startup Ribbon to take on Midwest, West Coast markets
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
HomeLight Founder and CEO Drew Uher & COO Sumant Sridharan (HomeLight, Uher)
HomeLight lands $100M in Series D equity, valuing company at $1.6B
HomeLight lands $100M in Series D equity, valuing company at $1.6B
Single-family homes, co-ops, condominiums and townhouses saw sales rise by 2 percent from June to a seasonally adjusted rate of about 6 million. (iStock)
Existing home sales rise for second-straight month
Existing home sales rise for second-straight month
Reali CEO Tyler Baldwin (Reali)
Home buying and selling platform Reali raises $250M in Series B round
Home buying and selling platform Reali raises $250M in Series B round
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...