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CoreLogic: Real estate prices on the rise

Tue, Jun 5, 2012

News

Home prices in Colorado Springs, including homes in some stage of foreclosure or short-sale, rose 3.3 percent year-over-year in April.

The rise was greater than in the rest of the country, where home sale prices, including distressed properties, increased by 1.1 percent year-over-year, according to a report from real estate analytics firm CoreLogic.

Excluding distressed properties, home prices increased by 1.9 percent nationally.

Prices in Colorado Springs, excluding distressed properties, climbed 3.5 percent year-over-year.

Figures have also been improving monthly on the national stage, according to CoreLogic. Prices increased 2.6 percent from March to April.

“We see the consistent month-over-month increases as one sign that the housing market is stabilizing,” CoreLogic CEO Anand Nallathambi, said in a statement. “Home prices are responding to a restricted supply that will likely exist for some time to come—an optimistic sign for the future of our industry.”

 

 

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