HeraldNet Ticket Giveaway

Fill out my online form.
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar

Splash! Summer guide

Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Tuesday, December 4, 2012, 12:57 p.m.

Home prices show strong gain, CoreLogic says

WASHINGTON -- Home prices increased 6.3 percent in October from a year earlier, the biggest year-over-year gain since 2006, according to research firm CoreLogic.
Prices dipped 0.2 percent in October from September, but such a drop was expected at the end of the home-selling season, the firm said Tuesday.
October marked the eighth straight month of year-over-year prices increases and added to recent evidence of growing strength in the housing market. CoreLogic reported Monday that foreclosures were down 17 percent in October from a year earlier.
"The housing recovery that started earlier in 2012 continues to gain momentum," said Mark Fleming, CoreLogic's chief economist. "The recovery is geographically broad-based with almost all markets experiencing some appreciation."
Home prices increased 21.3 percent in Arizona, the most of any state. Prices increased from October 2011 in all but five states -- Alabama, Delaware, Illinois, New Jersey and Rhode Island.
The Phoenix-Mesa-Glendale area in Arizona had the largest year-over-year price increase of any metro area, at 24.5 percent.
Excluding foreclosures and other distressed sales, home prices nationally increased 5.8 percent in October from a year earlier. Those prices were up 0.5 percent from September, the eighth straight monthly gain.

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.

HeraldNet highlights

Starting nine
Starting nine: Tasting beers under the sun at the Everett Craft Beer Fest
Looking for a friend?
Looking for a friend?: Animals up for adoption at the Everett shelter (new photos)
Change of focus
Change of focus: Photography gives retired deputy a new purpose
Growing pains
Growing pains: Lake Stevens makes plans to cope with rapid expansion