Morning Minute: March home prices see biggest year-over-year gain since 2006, CoreLogic says

There was some good news in the March Home Price Index released by CoreLogic today — U.S. home prices rose 10.5 percent in March compared to a year ago, the biggest year-over-year gain since March 2006. It also marked the 13th consecutive monthly increase.  Read more from CoreLogic.

“For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said Dr. Mark Fleming, chief economist for CoreLogic. “The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home buying season.”

More news headlines:

Survey: US home prices up 10.5 pct. in past year – Fox News

A Helping Hand for Jumbo-Loan Borrowers – Wall Street Journal

Fannie, Freddie Study Privatization of Multifamily Business – Wall Street Journal

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