CoreLogic Data, Rising Home Prices

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses CoreLogic home price data.

  • CoreLogic data out today showed that national home prices rose 2.5 percent in the year ending June 2012—the fourth such increase in a row.  They were 1.3 percent higher in the month.
  • Excluding distressed sales, CoreLogic showed slightly higher increases of 3.2 percent for the year and 2.0 percent for the month in June 2012.
  • Using pending sales, CoreLogic estimates that closed sale prices will be higher for the month and year in July as well.
  • In addition to national data and a forecast of next month’s data, CoreLogic reports that the 5 states with the highest appreciation were: Arizona (+13.8 percent), Idaho (10.4 percent), South Dakota (+10.1 percent), Utah (+8.3 percent) and Wyoming (+7.7 percent).
  • Thursday, NAR will release quarterly sales prices for the US, 4 Census Regions, and 160 metro areas, and we will see which cities are leading the price growth trend and which have yet to catch on.

Danielle Hale, Director of Housing Statistics

As a Research Economist at NAR, Danielle studies tax issues, the wealth impact of home ownership, and different measures of home prices.

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