23 States Are Within 10 Percent of Their 2006 Home Price Peaks

According to Realtor Magazine and CoreLogic, 23 states are within 10 percent of their 2006 home price peaks.  CoreLogic's latest housing data report takes into account data up through October.  

Home prices have increased 12.5 percent year-over-year (in other words, comparing data from last year to this year).  There was a slight decrease in month-over-month data from September to October (0.2 percent), which can be attributed to higher mortgage rates and the change of in seasons, as strong gains in the spring and summer 2013 slowed down as fall began.

Soaring home prices have allowed 16 states to be within 5 percent or less of their peak home prices: Arkansas, Colorado, District of Columbia, Iowa, Louisiana, Nebraska, Montana, New York, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, Vermont, Wyoming, and Alaska.

The National Association of Realtors reported that their existing homes sales index saw home prices increase 12.8 percent in October year-over-year.  NAR's chief economist, Lawrence Yun, said that the persistent tight inventory of homes for sale is holding back sales, but on a positive note, pushing up home prices.

Read the full article here!  And contact us at 207-251-4762 or contactus@alandrealty.com with any real estate questions you may have.

1 comment (Add your own)

1. Dennis wrote:
today only free shipping, even oerfefd a better price if I bought two. Of course next sleepys I went to gave me a lower price, then I called Sleepys 800 number and they beat the two stores price. Finallly, I call 1-800 Matress and stuff is not on sale but regular price is a few hundred less. Realtors annoy me cause I want to look at houses that realtors sell then call some type of 1-800-real estate number and buy them with 1% commission. The realtors are much stronger than the car dealers and matress sellers. They are holding on to their turf. I did not want to pay sleepys a few hundred bucks extra to pay the salary of their sales person and rent on store, did not want to pay a few thousand extra to a car dealer for their sales person and rent on store but somehow hard to buy a home in a good neighbor hood with out the realtor extracting the price of a brand new BMW. God bless realtors they have families to support. Trouble is it is not my job to pay their kids tuitions. One realtor said she wants me to buy a house cause she has NYU tuition to pay. I said jokingly that is nice to know I have kids of my own so you are telling me your plan to take from my kids college savings plan to pay for your kids education. She laughed and said I don't like to think of it that way. Debt Supernova says:February 22, 2011 at 4:41 pm30 year (80)-A small cadre of posters here has clung to such a “shallow view” for close to five years now. For my first year or two here, I had enough energy to engage them in much the same way you are now. However, after a couple of years, I just came to accept the bleatings of these wahoos as white noise.It’s amazing how many people outside the RE business are experts on the RE business.“Like any other business MLS must face the possibility that someone can create a better mousetrap. To believe MLS is only about data is a shallow view.”

Thu, September 18, 2014 @ 11:25 PM

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