Home prices rise in U.S. and in NY region: CoreLogic

TRD New York /
Feb.February 05, 2013 10:30 AM

Home prices across the nation, as well as those in the greater New York City area, rose in December, according to the latest tallies from CoreLogic.

The New York/White Plains (N.Y.)/-Wayne (N.J.) region saw prices, including distressed sales, rise by 8.5 percent year-over-year in December. In the area, prices gained 1.7 percent month-over-month.

U.S. prices — on a ten-month climb — rose 8.3 percent year-over-year in November. This includes distressed sales, and represents the biggest increase since May 2006. Excluding distressed sales, U.S. home prices increased on a year-over-year basis by 7.5 percent.

“We are heading into 2013 with home prices on the rebound,” said Anand Nallathambi, president and CEO of CoreLogic. “The upward trend in home prices in 2012 was broad based with 46 of 50 states registering gains for the year. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery.” –Hiten Samtani


Related Articles

arrow_forward_ios
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

A study in London found that congestion pricing raised the home values in the zone by 3 percent (Credit: iStock)

Congestion pricing could boost home values

Strong spring real estate season shaping up — but who’s got the advantage?

Strong spring real estate season shaping up — but who’s got the advantage?

LA homeowners’ $760B in real estate equity is tops in nation: report

LA homeowners’ $760B in real estate equity is tops in nation: report

arrow_forward_ios