mortgagenewsdaily.com - Home prices in December posted the largest annual increase in nearly seven years according to CoreLogic's Home Price Index (HPI) report. December was also the 10th consecutive month in which home prices increased nationally.
The index that included distressed sales (sales of owned real estate and short sales) increased by 8.3 percent compared to December 2011, the largest increase since May 2006. With distressed sales excluded the HPI increased 7.5 percent year over year. Prices were up 0.4 percent including distressed sales and 0.9 percent excluding distressed sales compared to November.
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