July Home Prices Increased By 12.5 Percent

According to CoreLogic’s Pending HPI, July 2013 home prices increased by 12.5 percent on a year-over-year basis from July 2012 and rose by 1.8 percent on a month-over-month basis from June, 2013.  The CoreLogic Pending HPI is a proprietary metric that is based on Multiple Listing Service data that measures price changes for the most recent month.  

“In the first six months of 2013, the U.S. housing market appreciated a remarkable 10 percent,” said Dr. Mark Fleming, chief economist for CoreLogic.  “This trend in home price gains is moving at the fastest pace since 1977.”

The five states with the highest home price appreciation were:  Nevada (+26.5%), California (+21.4%), Wyoming (+16.7%), Arizona, +16.2%) and Georgia (+14.3%).  

Epic Development is currently building new homes in Brookhaven, Buckhead, Decatur, LaVista Park, Oakhurst, Old Fourth Ward, Ormewood Park and Virginia Highland.   View all the details of our current listings here.  For more information about new construction  in Atlanta call Scott Eaves at 404-518-3820 or write scott@EpicDevelopment.com.  For more information about commercial real estate operations or investment visit EpiCity.com.

2016-11-23T15:20:39+00:00 August 12th, 2013|Economic News|