Home prices in November continued to be higher than a year earlier, according to data from CoreLogic.
CoreLogic's Home Price Index rose by 5.5% in November compared to the previous year. This uptick represents 33 consecutive months of year-over-year increases in home values nationally.
CoreLogic said in its report that all states and Washington, D.C., saw home values appreciate on a yearly basis during November. Furthermore, 29 states are at or within 10% of their peak, CoreLogic revealed.
The five states that experienced the greatest home price appreciation in November were Michigan (9%), Colorado (8.8%), Texas (8.5%), North Dakota (7.9%) and Nevada (7.9%).
The Irvine, Calif.-based analytic provider is projecting that home prices will increase by 4.6% from November 2014 to this upcoming November. However, the company is forecasting a 0.1% decline in home values for December 2014 compared to the previous month.
"The pace of home price gains have slowed as we exit 2014 but this is probably only a temporary lull," said Anand Nallathambi, president and chief executive of CoreLogic.
"We believe that prices will be up a year from now as continued economic growth fuels
