Home Prices Spike in Nine States
CoreLogic confirmed on Tuesday that its Home Price Index was up 0.3 percent in August from the month before and up 6.4 percent from the same time last year.
In addition, it revealed that housing prices had spiked to new highs in nine states: Alaska, Colorado, Iowa, Louisiana, Nebraska, North Dakota, Oklahoma, Texas and Wyoming.
“Major metropolitan areas such as Riverside and Los Angeles, California, and Houston continue to lead the way with strong price gains buoyed by tight supplies and a gradual rebound in economic activity,” CoreLogic president and CEO Anand Nallathambi told Mortgage News Daily.
Image via flickr/401(k) 2012