USA: Arizona, Nevada, Idaho, North Dakota and California Post Largest November Home Price Gains

San Francisco Real EstateU.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported.

In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been “widespread” in the U.S. and forecasts prices will increase another 6 percent this year.

CoreLogic data showed that home prices in November were higher than November 2011 in all but six states and 13 of 100 of the largest U.S. cities. Arizona, Nevada, Idaho, North Dakota and California saw the sharpest increases.

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Authored By Wayne Grayson – See the Full Story at Equipment World

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