Home prices nationwide, including distressed sales, increased on a year-over-year basis by 3.8 percent in July 2012 compared to July 2011, according to CoreLogic’s monthly Home Price Index (HPI) for July. It was the biggest year-over-year increase since August 2006.
On a month-over-month basis, including distressed sales, home prices increased by 1.3 percent in July 2012 compared to June 2012. The July 2012 figures mark the fifth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.
The CoreLogic Pending HPI measures homes under contract but not yet sold. CoreLogic stated on their article that it predicts August home prices, including distressed sales, will rise by 4.6 percent on a year-over-year basis and at least 0.6 percent on a month-over-month basis. Excluding distressed sales, August house prices are also poised to rise 6.0 percent year-over-year and 1.3 percent month-over-month.
The housing market continues its positive trajectory with significant price gains in July, and my expectation of further increases in August and September.
homes increase in July
i do expect some slowing down by October - December, however we are going on the right track. however we dont want to incrase to fast and repeat what happened it the past.
Have we learned from our mistakes?
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