WEAU | Eau Claire, Wisconsin | News

Year-over year US home prices up sharply in Nov.

By: AP Email
By: AP Email

WASHINGTON (AP) -- U.S. home prices in November extended their steady recovery from the housing bust, rising 7.4 percent compared with a year ago. It was the biggest year-over-year increase in 6 1/2 years.

CoreLogic, a private data provider, says prices also rose 0.3 percent in November from October. The month-to-month figures are not seasonally adjusted.

Prices in November were higher than in November 2011 in all but six states. The sharpest increases were in Arizona, Nevada and Idaho. Only 13 of 100 large cities that CoreLogic studies reported year-over-year price declines. That was down from 20 cities that reported year-over-year declines in October.

Steady increases in prices are helping fuel the housing recovery. They're encouraging some people to sell homes and enticing some would-be buyers to purchase homes before prices rise further.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 186967671