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By Alliant Credit Union
Nationwide, U.S. home sale prices increased by 10.5% in April 2014 compared to April 2013. This increase represents 26 months of consecutive year-over-year increases. Excluding distressed sales, home prices increased 8.3% year over year.
From March 2014 to April 2014, the price of sold homes rose by 2.1%.
Foreclosures completed in April decreased by 18% compared to April 2013. April was the 16th consecutive month when the inventory of foreclosed homes nationwide declined by at least 20%.
Excluding distressed sales, every state showed a year-over-year home price increase in April. And of the 100 real estate markets with the highest populations, 95 showed year-over-year increases in home prices.
Home prices nationwide are projected to increase 1.0% month over month from April 2014 to May 2014.