Home prices increased 5 percent on an annual basis in September according to data released this morning by CoreLogic. The CoreLogic Home Price Index (HPI) which includes sales of distressed homes, indicate that September had the largest price increase in over six years and represented the seventh month when annual prices increased. September's annual increase, however, was 0.3 percent lower than the annual increase in August.
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When distressed sales are excluded, home prices also increased on a year-over-year basis by 5 percent and increased month-over-month for the seventh consecutive month, increasing 0.5 percent compared to August. Read More...
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