US House Prices At 7-Year HighsApril 07, 2015
Corelogic’s home price index came out this morning and showed that home prices across the board, including and excluding distressed sales, are at a 7-year high in the US. Single-family combined homes including distressed sales rose by 1.12% MoM in March. Excluding distressed sales, it rose by 1.45% MoM.
Single-family attached homes rose by 1.09% MoM in March, while single-family detached homes rose by 1.14%. House prices are generally about 5.5% higher year-over-year, with a little variation depending on which series you look at.