DC Area Home Prices Increase, Signs Of Housing Stability According To CoreLogic

CoreLogic, a real estate research firm, has recently released data showing home prices increase in the DC Metro area from a year ago. National home prices, including distressed sales, were up by 1.7 percent in March 2010 compared to March last year.

Chief economist for CoreLogic, Mark Fleming, explains in a press release:

“March’s year-over-year increase in the HPI shows that the housing market is continuing to exhibit signs of stability.”

“The differences between trends, including and excluding distressed sales, indicate the strong influence of distressed activity remains, but the surge in home sales in March is giving the market a boost this spring. As the influence of the tail end of the tax credit and spring buying season fade, price growth will fade with it as we go into summer,” he added.

To know more about the report, you can read the entire press release dated May 19, 2010.