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Home Prices will Continue Annual Winning Streak

Tuesday, January 6, 2015

Home prices are projected to finish out the year with a downtick although prices will still be significantly higher than at the same point in 2013.  CoreLogic said today that home prices in November were 0.1 percent higher than in October but are expected to decline by that same amount in December.

In addition to posting a small month-over-month increase CoreLogic's Home Price Index (HPI) including distressed sales (lender-owned property or REO and short sales) was up 5.5 percent compared to November 2013.  November was the 33rd consecutive month that home prices have increased nationally on an annual basis.

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