According to a recent report issued by CoreLogic, U.S. home prices nationwide jumped 9.7% in January compared to January 2012’s figures. This marked the eleventh consecutive monthly increase and the largest since April of 2006.
Properties in the Big Apple grew even more than that, slightly higher at 11.1% (January to January). In this report, the New York metropolitan area comprised White Plains and Wayne,New Jersey. In July, NYC logged a 3.8% year-over-year increase.
Nationwide, from December through January, home prices crept up slowly, only 0.7%. Exclusive of distressed sales, there was a 9% year-over-year increase (1.8% month-over-month).