homes increase in July

Real Estate Agent with Equity Realty- TVG

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.

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?
Posted by



Jesse Vasquez

Team Vasquez Realty Group LLC

Graduate of Realtors Institute

801-440-3100 Cell

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Comments (1)

Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO

Great post! sound like the market is turning around!

Thanks for sharing.

Sep 12, 2012 11:53 AM