Submitted by Fox First at Ten on October 2nd
By The Associated Press
U.S. home prices rose 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.
CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August, the sixth straight monthly gain. The steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.
Here are the price changes in the 25 largest U.S. metro areas in August, compared to the same month a year ago:
U.S. Metro Area Aug. 12-month change Atlanta-Sandy Springs-Marietta, GA 1.0% Baltimore-Towson, Md. 1.2% Chicago-Joliet-Naperville, Ill. -2.5% Dallas-Plano-Irving, Texas 4.3% Denver-Aurora-Broomfield, Co. 8.6% Edison-New Brunswick, N.J. -2.2% Houston-Sugar Land-Baytown, Texas 6.3% Los Angeles-Long Beach-Glendale, Calif. 4.0% Minneapolis-St. Paul-Bloomington, Minn. 4.6% Nassau-Suffolk, N.Y. 2.4% New York City-White Plains-Wayne, N.Y.-N.J. 3.4% Oakland-Fremont-Hayward, Calif. 6.5% Orlando-Kissimmee-Sanford, Fla. 8.2% Philadelphia, Penn. 1.0% Phoenix-Mesa-Glendale, Ariz. 21.8% Portland-Vancouver-Hillsboro, Ore.-Wash. 4.0% Riverside-San Bernardino-Ontario, Calif. 4.0% Sacramento-Arden-Arcade-Roseville, Calif. 6.3% San Diego-Carlsbad-San Marcos, Calif. 0.8% Santa Ana-Anaheim-Irvine, Calif. 3.1% Seattle-Bellevue-Everett, Wash. 5.8% St. Louis, Mo. 1.7% Tampa-St. Petersburg-Clearwater, Fla. 5.8% Warren-Troy-Farmington Hills, Mich. 6.8% Washington-Arlington-Alexandria D.C., Va., Md., W.V. 4.8%
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