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01/07/2014

Fort Worth-Arlington home prices up in November, says CoreLogic report

Fort Worth-Arlington home prices increased 5.9 percent in November from a year ago,  according to a home price index report from CoreLogic.

Nationally, home prices were up 11.8 percent in November compared to November 2012, CoreLogic said.

Home prices have been increasing monthly, on a year-over-year basis, for nearly two years, CoreLogic said. 

“Year-over-year home prices are up an impressive 11.8 percent," said Mark Fleming, CoreLogic’s chief economist "Our pending HPI projects that home prices will grow by 11.5 percent for the full year 2013. That will make 2013 the best year for home-price appreciation since 2005."

Said Anand Nallathambi, president and CEO of CoreLogic, "The outlook for 2014 looks a bit less robust as regulatory complexities and tight credit can be expected to cool the housing market."

States with the highest home appreciation in November were  Nevada (+25.3 percent), California (+21.3 percent), Michigan (+14.4 percent), Arizona (+13.5 percent) and Georgia (+13.3 percent).

Texas saw an 8.7 percent increase in prices in November.  Arkansas was the only state to show depreciation, down 1.1 percent.

_ Sandra Baker

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