Study: US Home Prices Up By Most in 6 Years
Compared to last year, September's home prices showed the biggest increase since 2006
U.S. home prices showed serious signs of a sustainable housing recovery this week.
Compared to September 2011, U.S. home prices increased by 5 percent in September, marking the largest year-over-year increase since July 2006. The gain was reported by real estate data provider CoreLogic.
[ALSO READ:Five Reasons to Buy Homes Now]
CoreLogic also found that prices declined 0.3 percent from August 2012 to September 2012, the first drop after six straight month-to-month increases. The monthly figures are not seasonally adjusted. Home buying typically declines in September, as May - August is the most popular home-buying season.