U.S. home prices nationwide, including distressed sales, increased 10.5 percent in April 2014 compared with April 2013, according to a new report from real estate data provider CoreLogic.
This change represents 26 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 2.1 percent in April 2014 compared with March 2014.
Eight states surpassed their previous home price peaks in April. In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.
Excluding distressed sales, home prices nationally increased 8.3 percent in April 2014 compared with April 2013 and 1.1 percent month over month compared with March 2014. Distressed sales include short sales and real estate owned (REO) transactions.
"The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation," Sam Khater, deputy chief economist for CoreLogic, said in a statement. "The 10.5 percent increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 months."
CoreLogic predicts that home prices, including distressed sales, will increase 1 percent month over month from April 2014 to May 2014 and by 6.3 percent from April 2014 to April 2015. Excluding distressed sales, home prices are expected to rise 0.8 percent month over month from 1 percent month over month from April 2014 to May 2014 and by 6.3 percent from April 2014 to April 2015.
Including distressed sales, the five states with the highest home price appreciation were: California (15.6 percent), Nevada (14.8 percent), Hawaii (14.1 percent), Oregon (11.8 percent) and Michigan (11.3 percent). Massachusetts ranked 30th among all states and the District of Colombia for home price appreciation, with prices rising 5.8 percent in April according to CoreLogic.
Ninety-five of the country’s top 100 largest metropolitan areas showed year-over-year increases in April 2014. However, Worcester was among the five which were flat or declining, along with Hartford and New Haven, Conn.; Milwaukee, Wis.; and Little Rock, Ark.



