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Prices on Track for 7.1 Percent Increase

From RISMEDIA, Thursday, December 27, 2012:
“October [home] prices nationwide, including distressed sales, increased on a year-over-year basis by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, according to the latest data from CoreLogic.”

Including distressed sales, in October 2012, home prices declined .2% over September 2012. “The CoreLogic Pending HPI indicates that November 2012 home prices, including distressed sales, are expected to rise by 7.1 percent on a year-over-year basis from November 2011.”

Read the whole story here.

Published inMarket Conditions
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