House Prices Up for 11th Straight Month

Published March 05, 2013, 10:40 a.m. EST

1 Min Read

House prices rose in January for the 11^th consecutive month, according to the CoreLogic house price index that was released Tuesday morning.

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The CoreLogic HPI, which includes distressed sales, rose 0.7% in January after rising 0.4% in December.

“The HPI showed strong growth during the typically slow winter season,” said Mark Fleming, chief economist for CoreLogic.

“With these gains, the housing market is poised to enter the spring selling season on sound footing.”

Overall, the HPI is up 9.7% from January 2012, which represents the biggest annual increase since April 2006.

Fleming noted that 15 states are within 10% of their peak home values.

Brian Collins

Reporter

Brian Collins covers the housing and mortgage market, including the Federal Housing Administration and the Department of Housing and Urban... Read full bio

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