Morning Minute: March home prices see biggest year-over-year gain since 2006, CoreLogic says

There was some good news in the March Home Price Index released by CoreLogic today — U.S. home prices rose 10.5 percent in March compared to a year ago, the biggest year-over-year gain since March 2006. It also marked the 13th consecutive monthly increase.  Read more from CoreLogic.

“For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said Dr. Mark Fleming, chief economist for CoreLogic. “The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home buying season.”

More news headlines:

Survey: US home prices up 10.5 pct. in past year – Fox News

A Helping Hand for Jumbo-Loan Borrowers – Wall Street Journal

Fannie, Freddie Study Privatization of Multifamily Business – Wall Street Journal

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.