U.S. HOME PRICE GAINS BEST SINCE 2005

Home prices across the nation grew year over year for the 22nd straight month and saw the largest gains in eight years, according to CoreLogic’s December Home Price Index.

“Last year, home prices rose 11 percent, the highest rate of annual increase since 2005, and 10 states and the District of Columbia reached new all-time price peaks,” Dr. Mark Fleming, CoreLogic chief economist, said in a statement.

In California, December year-over-year price increases were the second highest in the country, trailing only Nevada. Including distressed sales, prices grew 19.7 percent from December 2012; excluding distressed sales, they increased 16.2 percent.


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