By Dees Stribling | MHN Online
CoreLogic reported that the increase in home prices nationally—including distressed sales—slowed down in October, rising only 0.2 percent compared with September. Even so, according to the company, the year-over-year increase was still a respectable 12.5 percent in October 2013, which represents the 20th consecutive monthly year-over-year rise in prices nationally.
Excluding distressed sales, U.S. home prices increased 0.4 percent month-over-month in October 2013. Year-over-year, the increase was 11 percent not counting distressed sales, which includes both short sales and REOs by CoreLogic’s reckoning.
The CoreLogic Pending Home Price Index predicts that November 2013 home prices, including distressed sales, will remain at the same level as during the previous month. The projected annual increase for November 2013, also including distressed sales, is 12.2 percent.
