Daily Real Estate News | Tuesday, October 07, 2014

Home prices continue to rise nationwide, albeit at a slowing pace. Including distressed sales, home prices rose 6.4 percent year-over-year in August, according to CoreLogic’s latest Home Price Index.

All 50 states showed year-over-year home price gains, with nine states soaring to new highs. Those states were:

Alaska
Colorado
Iowa
Louisiana
Nebraska
North Dakota
Oklahoma
Texas
Wyoming

Nevertheless, “the pace of year-over-year appreciation continues to slow down as real estate markets find more balance,” says Mark Fleming, chief economist at CoreLogic. “Home-price appreciation reached a peak of almost 12 percent year-over-year in October 2013 and has since subsided to the current pace of 6 percent. Continued moderation of home-price appreciation is a welcomed sign of more balanced real estate markets and less pressure on affordability for potential home buyers in the near future.”

CoreLogic forecasters predict that home prices will rise 5.2 percent from August 2014 to August 2015.