CoreLogic’s April Home Price Index increased on a month-to-month basis by 0.7 percent between March and April, marking the first such increase since the conclusion of the federal home buyer tax credit.
However, home prices nationwide, including distressed sales, declined by 7.5 percent in April 2011 compared with a year earlier. Excluding distressed sales, year-over-year prices declined 0.5 percent in April 2011 compared with April 2010 and by 1.6 percent in March 2011 compared with March 2010. Distressed sales include short sales and real estate owned (REO) transactions.
Source: CoreLogic
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