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