[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks
Real Estate

Home prices edge upward in April: CoreLogic

/ Print / Reprints /
| Share More
/ Text Size+

Home prices nationwide increased a slight 1.1% over last year in April, making it the second year-over-year increase in 2012, real estate research firm CoreLogic said.

Compared to March, home prices, including distressed sales, increased by 2.2% in April.

Excluding distressed sales, April prices grew 2.6% from March and 1.9% from last year, according to CoreLogic's April Home Price Index.

"We see the consistent month-over-month increases within our HPI and pending HPI as one sign that the housing market is stabilizing," said Anand Nallathambi, president and CEO of CoreLogic. "Home prices are responding to a restricted supply that will likely exist for some time to come — an optimistic sign for the future of our industry."

States with the highest price appreciation included Arizona with prices up 8.8% in April, followed by District of Columbia (6.4%); Florida (5.5%), Montana (5.4%) and Utah (5.4%).

Those with the greatest price depreciation included Delaware (-11.9%), Illinois (-6.8%), Alabama (-6.6%), Rhode Island (-6.2%) and Georgia (-5.6%).


Recent Articles by Kerri Panchuk

Comments powered by Disqus