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Report shows home prices increasing

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November 06, 2012

Real estate data provider CoreLogic reported Medford home prices, including distressed sales, increased by 5.5 percent in September compared with September 2011.

On a month-over-month basis, home prices, including distressed sales, increased by 1.6 percent in September 2012 from August 2012.

The Santa Ana, Calif., firm reported year-over-year prices, excluding distressed sales, increased by 8.1 percent in September compared with a year earlier after a 5.8 percent August-over-August increase.

On a month-over-month basis, excluding distressed sales, the CoreLogic Home Price Index indicated home prices increased by 1.5 percent in September 2012 from August 2012.

Nationally, U.S. home prices rose 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

— Greg Stiles


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