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Thursday, November 7, 2013

September Bucks Forebodings of Decelerating Price Gains

Home price gains continued to climb at a strong pace in September, defying recent predictions forecasting a falloff in home price increases over the next year. In its monthly Home Price Index report, CoreLogic recorded a 12 percent annual gain across the nation for the month of September. As such, September represented the 19th straight monthly year-over-year increase, bringing the index to its highest point since May 2008.
Nevada found itself in the leading spot for home price gains, with a 25.3 percent price increase. The Silver State was promptly followed by other states in the West, including California with a 22.5 percent gain and Arizona at a reported gain of 14.6 percent.

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