Wednesday, January 07, 2015IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman area in Ohio, including distressed sales, were up by 6.4% in November 2014 from a year earlier, CoreLogic reported Tuesday. Month over month, home prices, including distressed sales, were down 0.4% compared to October 2014, according to the financial data company.
Excluding distressed sales, year-over-year prices increased by 3.9% in November compared to November 2013. On a month-over-month basis, excluding distressed sales, the index indicates home prices decreased by 0.4% in November 2014 from the month before.
Nationally, home prices, including distressed sales, increased 5.5% in November compared to November 2013, for 33 months of consecutive year-over-year increases. On a month-over-month basis, home prices nationwide, including distressed sales, rose by 0.1% in November 2014 compared to October 2014.
Including distressed sales, all states and the District of Columbia showed year-over-year home price appreciation in November. According to the CoreLogic index, 29 states are at or within 10% of their peak. Seven states reached new highs in the home price index (since January 1976 when the index starts): Colorado, North Dakota, Oklahoma, South Dakota, Tennessee, Texas and Wyoming.
Excluding distressed sales, home prices nationally increased 5.3% in November compared to November 2013 and 0.3% month over month compared to October 2014. Also excluding distressed sales, all states and the District of Columbia showed year-over-year home price appreciation in November. Distressed sales include short sales and real estate owned transactions.
SOURCE: CoreLogic.
Published by The Business Journal, Youngstown, Ohio.
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