Irvine, CA - CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its December CoreLogic Home Price Index (HPI®) report. Year over year, home prices nationwide, including distressed sales, increased 11% in December 2013 compared to December 2012. This change represents the 22nd consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, decreased by 0.1% in December 2013 compared to November 2013.*
“The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing sector in 2014,” said Anand Nallathambi, president and CEO of CoreLogic. “After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the United States.”
Highlights as of December 2013:
Including distressed sales, the five states with the highest home price appreciation were Nevada (+23.9%), California (+19.7%), Michigan (+14.0%), Oregon (+13.7%) and Georgia (+12.8%).
Including distressed sales, Arkansas (-1.5%), New Mexico (-1.3%) and Mississippi (-.2%) posted home price depreciation in December 2013.
Excluding distressed sales, the five states with the highest home price appreciation were Nevada (+20%), California (+16.2%), Idaho (+12.8%), Oregon (+11.6%) and Florida (+11.5%).
Excluding distressed sales, no states posted home price depreciation in December.
Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to December 2013) was -18.0% Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -13.6%.
The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-40.6%), Florida (-37.6%), Arizona (-31.8%), Rhode Island (-30.3%) and West Virginia (-25.6%).
Ninety-five of the top 100 Core Based Statistical Areas** (CBSAs) measured by population showed year-over-year increases in December 2013.
* November data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.
** The Office of Management and Budget (OMB) issued a bulletin on Feb. 28, 2013, establishing revised Core Based Statistical Area (CBSA) delineations. These new delineations are reflected in this data.