Some states have reached their pre-recession levels.
Excluding distressed sales, the five states with the highest home price appreciation were: South Dakota (+10.4 percent), Massachusetts (+9.7 percent), Maine (+8.4 percent), Texas (+8.1 percent) and Michigan (+8.0 percent).
“Home price growth is moderating as we head into the late fall and is currently running at half the pace it was in the spring of 2014,” said Sam Khater, deputy chief economist at CoreLogic. “However, there are still pockets of strength, especially in several Texas markets, as well as Seattle, Denver and other markets with strong economic fundamentals.
“CoreLogic forecasts that home prices including distressed sales will increase 0.2 percent from October to November of this year and will rise by 5.1 percent from October 2014 to October 2015.
Sounds like a normal market, doesn’t it?
