Home Prices Show Increase in April

By Liz Clinger Updated on 6/5/2012

According to the research firm, CoreLogic, home prices reached a 1.1% increase in overall prices over the last year in April. That makes it the second year over year increase in 2012. From March to April, home prices increased 2.6% in April, if you include distressed sales, the increase is 2.2% overall, according to the firms April Home Price Index

The president and CEO of CoreLogic, Anand Nallathambi indicated in a statement that the consistent month over month increases are one sign of the housing market stabilizing, and he also spoke on the restricted supply that is causing the response in price raises.

Arizona, District of Columbia , Florida, Montana and Utah showed the highest price appreciation, ranking from 5.4% to 8.8% home price increases.
Deleware, Illinois, Alabama, Rhode Island and Georgia showed the largest decrease in home price, ranging from a 5.6% to 11.9% price depreciation.

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