{"id":1490,"date":"2013-01-16T00:08:58","date_gmt":"2013-01-16T00:08:58","guid":{"rendered":"http:\/\/juliekrealestateblog.com\/?p=1490"},"modified":"2013-01-16T00:08:58","modified_gmt":"2013-01-16T00:08:58","slug":"year-over-year-us-home-prices-up-sharply-in-november","status":"publish","type":"post","link":"https:\/\/jurus.net\/juliemeggat\/year-over-year-us-home-prices-up-sharply-in-november\/","title":{"rendered":"Year-over year US home prices up sharply in November"},"content":{"rendered":"

U.S.\u00a0 home prices in November extended their steady recovery from the housing bust,\u00a0 rising 7.4 percent compared with a year ago. It was the biggest year-over-year\u00a0 increase in 6\u00bd years.<\/p>\n

CoreLogic,\u00a0 a private data provider, said Tuesday that prices also rose 0.3 percent in\u00a0 November from October. The month-to-month figures are not seasonally adjusted.\u00a0 CoreLogic compiles its indexes by tracking sales of the same homes over time,\u00a0 using data on sales in all 50 states.<\/p>\n

The\u00a0 gains in home prices have been widespread across most of the country. And\u00a0 CoreLogic forecasts that prices will increase 6 percent this year.<\/p>\n

Prices\u00a0 in November were higher than in November 2011 in all but six states. And only 13\u00a0 of 100 large cities that CoreLogic studies reported year-over-year price\u00a0 declines. That was down from 20 cities in October.<\/p>\n

The\u00a0 sharpest increases were in Arizona, Nevada and Idaho. North Dakota and\u00a0 California rounded out the top five.<\/p>\n

Steady\u00a0 price increases are helping fuel the housing recovery. They’re encouraging some\u00a0 people to sell homes and enticing would-be buyers to purchase homes before they\u00a0 get more expensive. Rising prices also reduce the number of homeowners who owe\u00a0 more on their mortgages than their homes are worth.<\/p>\n

“All\u00a0 signals currently point to a progressive stabilization of the housing market and\u00a0 the positive trend in home price appreciation to continue into 2013,” said Anand\u00a0 Nallathambi<\/a>, CEO of CoreLogic.<\/p>\n

Despite\u00a0 the gains, home prices nationwide are still nearly 27 percent lower than in\u00a0 April 2006, when prices peaked during the housing bubble.<\/p>\n

Some\u00a0 of the biggest gains have been in states that were hurt the worst. Prices in one\u00a0 of them, Arizona, have jumped nearly 21 percent in the past year, the most of\u00a0 any state. But prices in that state are still nearly 40 percent below\u00a0 their peak.<\/p>\n

And\u00a0 prices in Nevada have risen 14.2 percent in the past year but remain 53 percent\u00a0 below peak levels.<\/p>\n

The\u00a0 states where prices continue to fall include Delaware, where they are 4.9\u00a0 percent below a year ago, and Illinois, down 2.2 percent. Connecticut, New\u00a0 Jersey, Rhode Island and Pennsylvania are also reporting declines.<\/p>\n

Prices\u00a0 rose 24 percent in Phoenix in the past 12 months, the most of any large metro\u00a0 area. Riverside-San Bernardino, Calif. was next with a 9.7 percent rise. It was\u00a0 followed by Los Angeles, where prices rose 8.4 percent.<\/strong><\/em><\/p>\n

Source: Sfgate.com<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S.\u00a0 home prices in November extended their steady recovery from the housing bust,\u00a0 rising 7.4 percent compared with a year ago. It was the biggest year-over-year\u00a0 increase in 6\u00bd years. CoreLogic,\u00a0 a private data provider, said Tuesday that prices also rose 0.3 percent in\u00a0 November from October. The month-to-month figures are not seasonally adjusted.\u00a0 CoreLogic […]<\/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":[2],"tags":[544,157,409,1113,224,75,230,550,192,240,188],"class_list":["post-1490","post","type-post","status-publish","format-standard","hentry","category-real-estate-news-tips","tag-beverly-hills-condos-for-sale","tag-beverly-hills-real-estate-agent","tag-beverly-hills-russian-realtor","tag-hollywood-hills-real-estate","tag-hollywood-hills-real-estate-expert","tag-julie-kryukova","tag-west-hollywood-condos-for-sale","tag-west-hollywood-homes-for-sale","tag-west-hollywood-real-estate","tag-west-hollywood-realtor","tag-west-hollywood-realtors"],"_links":{"self":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/1490","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=1490"}],"version-history":[{"count":0,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/posts\/1490\/revisions"}],"wp:attachment":[{"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/media?parent=1490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/categories?post=1490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jurus.net\/juliemeggat\/wp-json\/wp\/v2\/tags?post=1490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}