Home prices increased 6.3% in October from a year earlier, the biggest year-over-year gain since 2006, according to Irvine research firm CoreLogic.<\/p>\n
Prices dipped 0.2% in October from September, but such a drop was expected at the end of the home-selling season, the firm said Tuesday.<\/p>\n
October marked the eighth straight month of year-over-year prices increases and added to recent evidence of growing strength in the housing market. CoreLogic reported Monday that foreclosures were down 17%
\nin October from a year earlier.<\/p>\n
“The housing recovery that started earlier in 2012 continues to gain momentum,” said Mark Fleming, CoreLogic’s
\nchief economist. “The recovery is geographically broad-based with almost all markets experiencing some appreciation.”<\/p>\n
Home prices increased 21.3% in Arizona, the most of any state. California saw a 9% increase. Prices increased
\nfrom October 2011 in all but five states — Alabama, Delaware, Illinois, New Jersey and Rhode Island.<\/p>\n
The Phoenix-Mesa-Glendale area in Arizona had the largest year-over-year price increase of any metro area, at 24.5%. The Riverside-San Bernardino-Ontario metro area was second at 7.3%. And the Los Angeles area was fourth at 6.4%.<\/strong><\/p>\n Excluding foreclosures and other distressed sales, home prices nationally increased 5.8% in October from a year <\/p>\n Source: LA Times<\/p>\n","protected":false},"excerpt":{"rendered":" Home prices increased 6.3% in October from a year earlier, the biggest year-over-year gain since 2006, according to Irvine research firm CoreLogic. Prices dipped 0.2% in October from September, but such a drop was expected at the end of the home-selling season, the firm said Tuesday. October marked the eighth straight month of year-over-year prices […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[241,2],"tags":[490,225,75,240],"class_list":["post-1472","post","type-post","status-publish","format-standard","hentry","category-financing","category-real-estate-news-tips","tag-beverly-hills-real-estate-expert","tag-hollywood-hills-realtor","tag-julie-kryukova","tag-west-hollywood-realtor"],"_links":{"self":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/1472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/comments?post=1472"}],"version-history":[{"count":0,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/1472\/revisions"}],"wp:attachment":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/media?parent=1472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/categories?post=1472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/tags?post=1472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nearlier. Those prices were up 0.5% from September, the eighth straight monthly gain.<\/p>\n