IRVINE, CA—CoreLogic, a leading global property information, analytics and data provider, says home prices nationwide, including distressed sales, increased 5.6% in September 2014 compared to September 2013.

That data is part of the company's September CoreLogic Home Price Index report. This change represents 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.% percent in September 2014 compared to August 2014.

"There has been a clear bifurcation in home price growth for lower-end versus upper-end properties in 2014," said Sam Khater, deputy chief economist at CoreLogic. "As of December 2013, both lower-end and upper-end property prices were up 9.7% on a year over year basis. As of September, lower-end prices were up 9.4% but upper-end prices were up only 4.5%."
At the state level, including distressed sales, all states showed year-over-year home price appreciation in September. Two of those states, Michigan and Montana, showed double-digit year-over-year growth. Twenty-eight states and the District of Columbia were at or within 10% of their home price peak. The HPI reached new highs in a total of five states: Colorado, Nebraska, North Dakota, South Dakota and Texas.
Excluding distressed sales, home prices nationally increased 5.2% in September 2014 compared to September 2013 and 0.1% month over month compared to August 2014.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.