IRVINE, Calif.—Home prices nationwide, including distressed sales, increased 6.4% in August 2014 compared to August 2013, which represents 30 months of consecutive year-over-year increases in home prices nationally, according to CoreLogic’s Home Price Index.
On a month-over-month basis, home prices nationwide, including distressed sales, increased 0.3% in August 2014 compared to July 2014, the company said. At the state level, including distressed sales, all states showed year-over-year home price appreciation in August.
The HPI reached new highs in a total of nine states, plus the District of Columbia: Alaska, Colorado, Iowa, Louisiana, Nebraska, North Dakota, Oklahoma, Texas and Wyoming. CoreLogic said its HPI Forecast is projecting home prices, including distressed sales, will increase on a year-over-year basis by 5.2% from August 2014 to August 2015.