6 States With Soaring Home Prices

Daily Real Estate News | Tuesday, October 11, 2011

Several states are posting year-over-year gains in home values, according to a newly released index for August by CoreLogic, which tracks price changes in repeat sales of homes.

According to CoreLogic, here are the states with the largest year-over-year gains in single-family home prices:

1. West Virginia: 8.6%
2. Wyoming: 3.6%
3. North Dakota: 3.5%
4. New York: 3.2%
5. Alaska: 2.2%
6. South Dakota: 1.5%

Nationally, single-family home prices were down 4.4 percent year-over-year in August, according to the index. Nevada posted the largest drop, falling 12.4 percent year-over-year.

Source: “Top 10 U.S. Areas With Rising Real Estate Prices,” Inman News (Oct. 7, 2011)

6 States With Soaring Home Prices