IRVINE, Calif.—Home prices nationwide, including distressed sales, increased 5.6% in September 2014 compared to September 2013.
This change represents 31 months of consecutive year-over-year increases in home prices nationally. According to CoreLogic’s September Home Price Index (HPI) report on a month-over-month basis, home prices nationwide, including distressed sales, dropped by 0.1% in September 2014 compared to August of 2014.
At the state level, including distressed sales, all states showed year-over-year home price appreciation in September. Two of those states, Michigan and Montana, showed double-digit year-over-year growth. Twenty-eight states and the District of Columbia were at or within 10% of their home price peak. The HPI reached new highs in a total of five states: Colorado, Nebraska, North Dakota, South Dakota and Texas, according to the HPI.
The company is forecasting that home prices, including distressed sales, will increase 0.1% month over month from September 2014 to October 2014 and, on a year-over-year basis, by 5% from September 2014 to September 2015.
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