U.S., NYC-area home prices rise: CoreLogic

TRD New York /
Nov.November 06, 2012 11:00 AM

Home prices nationwide, as well as those in the New York City area, rose in September, according to a CoreLogic report released today. U.S. prices, including distressed sales, increased 5 percent year-over-year in September; that marks the biggest increase since 2006 — surpassing last month’s milestone.

September’s numbers also mark the seventh consecutive year-over-year increase in U.S. home prices. And excluding distressed sales, nationwide home prices also climbed 5 percent year-over-year.

“So far this year, we’re seeing clear signs of stabilization and improvement that show promise for a gradual recovery in the residential housing market,” said CoreLogic President and CEO Anand Nallathambi, in the report.

Month-over-month, however, including distressed sales, prices slipped 0.3 percent. Excluding them, prices rose 0.5 percent month-over-month.

The New York/White Plains (N.Y.)/-Wayne (N.J.) region also saw home-price increases. Including distressed sales, prices rose 3.1 percent in September year-over-year — the same year-over-year rise when excluding distressed sales in the region.

Month-over-month in the New York area, there was an 0.8 percent increase with the inclusion of distressed sales and a 1.4 percent uptick without them. — Zachary Kussin


Related Articles

arrow_forward_ios
Seattle, Washington (Credit: iStock)

Good luck buying an affordable home in these US cities

Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

Home prices accelerate nationally as owners stay longer

The Mountain States saw the fastest home-price growth of any region (Credit: iStock)

Millennials head west for housing, and institutional investors follow

NYC startup is under contract to buy its first Miami condo as crowdfunding investment

NYC startup is under contract to buy its first Miami condo as crowdfunding investment

From left: London, Shanghai and Paris

In London, WeWork already reaping rewards of planned Brexit: Global property

US home sales slide again in June as prices hit all-time high

US home sales slide again in June as prices hit all-time high

From left: London, Shanghai and Paris

The TRD weekly global digest

(Credit: iStock)

Austin MLS accuses CoreLogic of selling its data to appraisers group

arrow_forward_ios
Loading...