Distressed Sales Do Not Slow Home Price Appreciation In Oregon. Team Thayer Official #OregonRealEstateNews
Home prices nationwide, including distressed sales, increased by 2.7 percent month-over-month in April and have risen on a year-over-year basis for 38 consecutive months, according to the April 2015 CoreLogic Home Price Index (HPI) released on Tuesday. With distressed sales (short sales and REO transactions) figured in, 30 states plus the District of Columbia were at or within 10 percent of their peak prices in April, according to CoreLogic. The District of Columbia reaching price peaks not seen since the beginning of CoreLogic's HPI in January 1976. Some states within 10 percent of their peak were Alaska, Colorado, Nebraska, New York, Oklahoma, Tennessee, Texas, and Wyoming. Home prices rose by 6.8 percent year-over-year and 2.3 percent month-over-month in April excluding distressed sales, according to CoreLogic. Home prices excluding distressed sales, which are normally discounted at 20 percent or more, actually appreciated at a lower rate month...