The residential property analytics company CoreLogic® just released their December numbers.
The big news item – nationwide home prices increased by an impressive 8.3 percent from December 2011 to December 2012.
This is important, because it’s the largest year to year increase since May 2006, as well as the TENTH consecutive monthly increase in national home prices.
“December marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago,” stated Mark Fleming, CoreLogic’s chief economist. “We expect price growth to continue in January as our Pending HPI shows strong year-over-year appreciation.”
Anand Nallathambi, president and CEO of CoreLogic, added “We are heading into 2013 with home prices on the rebound. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery.”
Source: Corelogic.com. Emphasis added.
Laura Kittleman is the owner of The Kittleman Group of Keller Williams Select Realtors, based in Ellicott City, MD. She can be reached at 301-785-5889 or [email protected]