July home prices increase 3.8%

July home prices increase 3.8%
By Kerri Ann Panchuk

• September 4, 2012 • 8:19am

Home prices in July rose 3.8% over last year, making it the largest annual gain in six years, CoreLogic ($24.75 0.15%) said in its latest Home Price Index Tuesday.

The Santa Ana, Calif.-based mortgage research and analytics firm noted that home prices, including distressed sales, edged up 1.3% from June, making it the fifth consecutive month-over-month increase in home prices nationally.

When excluding distressed home sales, which are known to skew price levels, home prices grew 4.3% over last year in July and 1.7% over June, suggesting a value recovery is taking hold.

CoreLogic's pending home price index suggests that August prices, including distressed sales, will rise at least 4.6% year-over-year this month.

When excluding the influence of distressed sales, CoreLogic believes August home prices will rise 6% over last year and 1.3% over July.

 

"The housing market continues its positive trajectory with significant price gains in July and our expectation of a further increase in August," said Mark Fleming, chief economist for CoreLogic.

The five states with the highest price appreciation, including distressed sales, were Arizona (with prices rising 16.6%); Idaho (prices up 10%); Utah (values up 9.3%); South Dakota (prices up 8.3%); and Colorado (prices up 7.3%).

The states with the most price depreciation, including distressed sales, were Delaware (-4.8%); Alabama (-4.6%); Rhode Island (-2.2%); Connecticut (-1.7%); and Illinois (-1.7%).

kpanchuk@housingwire.com

About Ady Simion (Realtor and Public Notary)

Ady Simion was named in the Top 1% of all agents for NRT LLC a subsidiary of Realogy that operates a variety of real estate offices under brands such as Coldwell Banker, Sotheby's International Realty, Century 21, The Corcoran Group, and the technology-based brokerages ZipRealty and Climb Real Estate. NRT has 787 offices and 47,000 sales associates. Selling and buying property can be very stressful but with the right agent it can be profitable and a fun experience. Ady is also a Notary Public and being a people person he wants to help negotiate for his clients making their transactions as smooth as possible. Ady’s goals are simple: He wants to be the best source of information on the Los Angeles area Real Estate market, as he assists clients through each transaction with care and professionalism. He is proud of his large referral base of clients who have placed their trust in him over the years. Why him, when there are so many good people out there?!?! • Sellers will have their property exposed to the largest team of sales professionals in the world by far. Coldwell Banker Agents sale more homes than anyone else. • Buyers will have the opportunity to view more properties exclusively. • And most importantly when you hire him you get a whole team working for you not just “only one person”. Ady Simion started his Professional Career as an Insurance Agent, and then mastered the Mortgage Industry focusing on helping buyers and sellers achieve their life dreams. He now is an Agent with the Largest Residential Real Estate Company in the nation and the world, Coldwell Banker, at the Pasadena office which is the leader in the areas in which he specializes. After finishing College Ady has consistently been a Top Producer in every office/business he worked at. He speaks English, Romanian and Spanish. Real Estate is constantly changing and working with an agent that has been involved in the Real Estate buying/selling process most of his life is always beneficial for clients. Call, text or e-mail him or just stop by to say Hi and ask any real estate questions you may have.

Posted on September 4, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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