{"id":70023,"date":"2013-02-08T11:02:48","date_gmt":"2013-02-08T11:02:48","guid":{"rendered":"http:\/\/whatsthepointofaventura.com\/2013\/02\/08\/home-prices-in-2012-best-year-on-year-gain-in-six-years\/"},"modified":"2019-04-23T20:49:20","modified_gmt":"2019-04-23T20:49:20","slug":"home-prices-in-2012-best-year-on-year-gain-in-six-years","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/home-prices-in-2012-best-year-on-year-gain-in-six-years\/","title":{"rendered":"Home Prices in 2012: Best Year-on-Year Gain in Six Years"},"content":{"rendered":"

Home Prices in 2012: Best Year-on-Year Gain in Six Years\"Rising<\/span><\/h3>\n

Posted By susanne On February 7, 2013 @ 4:09 pm In Business Outlook,Consumer News and Advice, Finance and Economy, Real Estate Information, Real Estate Trends, Today’s Marketplace, Today’s Top Story<\/p>\n

CoreLogic<\/strong>, a leading residential property information, analytics and services provider, recently released its December CoreLogic HPI report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.<\/p>\n

Excluding distressed sales, home prices increased on a year-over-year basis by 7.5 percent in December 2012 compared to December 2011. On a month-over-month basis, excluding distressed sales, home prices increased 0.9 percent in December 2012 compared to November 2012. Distressed sales include short sales and real estate owned (REO) transactions.<\/p>\n

The CoreLogic Pending HPI indicates that January 2013 home prices, including distressed sales, are expected to rise by 7.9 percent on a year-over-year basis from January 2012 and fall by 1 percent on a month-over-month basis from December 2012, reflecting a seasonal winter slowdown. Excluding distressed sales, January 2013 house prices are poised to rise 8.6 percent year over year from January 2012 and by 0.7 percent month over month from December 2012. The CoreLogic Pending HPI is a proprietary and exclusive metric that provides the most current indication of trends in home prices. It is based on Multiple Listing Service (MLS) data that measure price changes for the most recent month.<\/p>\n

\u201cDecember marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago,\u201d says Mark Fleming, chief economist for CoreLogic. \u201cWe expect price growth to continue in January as our Pending HPI shows strong year-over-year appreciation.\u201d<\/p>\n

\u201cWe are heading into 2013 with home prices on the rebound,\u201d said Anand Nallathambi, president and CEO of CoreLogic. \u201cThe 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.\u201d.<\/p>\n

Highlights as of December 2012:<\/strong><\/h3>\n