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Home Prices Rose Over Five Percent
Monday, April 13, 2015 6:35 AM

Home prices in the U.S., including distressed sales, increased 5.6 percent year over year in February, representing three years of consecutive year-over-year increases in home prices nationally, CoreLogic said April 7, citing data from its home price index.

Home prices increased 1.1 percent month over month in February.

CoreLogic expects home prices to rise by an additional five percent over the next 12 months.

The five states with the highest home price appreciation were Colorado at 9.8 percent, South Carolina at 9.3 percent, Michigan at 8.5 percent, Texas at 8.5 percent, and Wyoming at 8.4 percent.

Six states, including Colorado at 9.8 percent, New York at 8.2 percent, North Dakota at 7.7 percent, Texas at 8.5 percent, Wyoming at 8.4 percent, and Oklahoma at 5.2 percent, reached new home price highs since January 1976 when the CoreLogic home price index started.