Jackson home prices grow 5.1 percent in April

Jackson home prices, including distressed sales, increased by 5.1 percent in April 2012 compared to April 2011, surpassing the national average.

That's according to CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, which found that home prices nationwide, including distressed sales, increased on a year-over-year basis by 1.1 percent in April 2012 compared to April 2011.

''Excluding distressed sales, home prices in March and April are improving at a rate not seen since late 2006 and appreciating at a faster rate than during the tax-credit boomlet in 2010,'' said Mark Fleming, chief economist for CoreLogic. ''Nationally, the supply of homes in current inventory is down to 6.5 months, a level not seen in more than five years, in part driven by the locked in position of so many homeowners in negative equity.''

Including distressed sales, the five states with the highest appreciation were Arizona (+8.8 percent), District of Columbia (6.4 percent), Florida (+5.5 percent), Montana (+5.4 percent), and Utah (+5.4 percent).

Including distressed sales, the five states with the greatest depreciation were: Delaware (-11.9 percent), Illinois (-6.8 percent), Alabama (-6.6 percent), Rhode Island (-6.2 percent), and Georgia (-5.6 percent)

Published: Mon, Jun 11, 2012

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