Adding to a number of recent home price reports showing increasing values, CoreLogic’s April Home Price Index finds national values on the rise. Including distressed sales, prices were up 2.2 percent in April over March and, compared to April 2011, prices increased 1.1 percent. It was the second consecutive year-over-year increase and the first time back-to-back gains were recorded since June 2010. Excluding distressed sales, prices increased 2.6 percent over March and were up 1.9 percent over year-before levels. Anand Nallathambi, president and CEO of CoreLogic, said consistent month-over-month increases are a sign that the housing market is stabilizing. According to Nallathambi, prices are responding to lower inventory levels which is an optimistic sign for the market. More here and here.
