U.S. home prices ris­ing fastest in Colorado and South

Financial Mirror (Cyprus) - - FRONT PAGE -

Home prices in the United States rose for the 37th con­sec­u­tive month in March, and the monthly in­crease ticked up at a higher rate. Com­pared with March 2014, home prices rose 5.9%, in­clud­ing the sales of dis­tressed prop­er­ties. The year-on-year Fe­bru­ary in­crease was 5.6%. March home prices rose by 2.0% from Fe­bru­ary prices, which had risen 1.1% over Jan­uary prices.

The five states with the largest peak-tocur­rent de­clines, in­clud­ing dis­tressed trans­ac­tions, were Ne­vada (34.7%), Florida (31.5%), Rhode Is­land (29.0%), Ari­zona (27.4%) and Con­necti­cut (25.5%), ac­cord­ing to re­search firm CoreLogic. Peak home prices oc­curred in April 2006.

In­clud­ing sales of dis­tressed prop­er­ties, the five states post­ing the largest year-onyear in­creases in March were Colorado (9.2%), South Carolina (9.1%), Kansas (8.0%), Texas (8.0%) and Ne­vada (7.6%).

Ex­clud­ing sales of dis­tressed prop­er­ties, the five states post­ing the big­gest price in­creases over the past 12 months were

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