Wednesday, November 05, 2014IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman area in Ohio, including distressed sales, increased by 5.6% in September from a year earlier, CoreLogic reported Tuesday. On a month-to-month basis, September home prices, including distressed sales, decreased by 0.5% from August.
Excluding distressed sales, September’s prices were up 2.7% from a year earlier and month-over-month were up 0.5% from August.
Nationwide, home prices in September, including distressed sales, increased 5.6% from September 2013, representing 31 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, dropped by 0.1% in September from August.
All states in September showed year-over-year home price appreciation, including distressed sales, and two states, Michigan and Montana, showed double-digit growth over the year. Excluding distressed sales, home prices increased 5.2% in September compared to a year earlier and 0.1% from August.
“Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014,” said Anand Nallanthambi, president and CEO of CoreLogic. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”
Published by The Business Journal, Youngstown, Ohio.
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