By Ruth Mantell | MarketWatch
Home prices picked up in October, and more than half of U.S. states are on track to hit or surpass peak bubble-era levels by the middle of 2015, according to a report released Tuesday.
U.S. home prices rose 0.5% in October, pulling annual growth up to 6.1%, the fastest year-over-year pace since July, according to CoreLogic CLGX, -1.41% an Irvine, Calif.–based analysis firm. Record-high home prices were registered in nine states: Colorado, Louisiana, Nebraska, New York, North Dakota, South Dakota, Tennessee, Texas and Wyoming.
“There are … pockets of strength, especially in several Texas markets, as well as Seattle, Denver and other markets with strong economic fundamentals,” said Sam Khater, CoreLogic’s deputy chief economist.
