NEW YORK, June 5 U.S. home prices climbed in
April in a fresh sign of stabilization for the housing market,
data analysis firm CoreLogic said on Tuesday.
CoreLogic's home price index rose 2.2 percent in
April from the previous month and gained 1.1 percent from the
Excluding distressed sales, prices jumped 2.6 percent for
the month and were up 1.9 percent on a yearly basis. Distressed
sales - which include foreclosed homes and properties where the
homeowner is behind on payments - are often done at
significantly reduced prices.
Prices have improved as the amount of homes available for
sale have been whittled down, Anand Nallathambi, chief executive
officer of CoreLogic, said in a statement.
"Home prices are responding to a restricted supply that will
likely exist for some time to come - an optimistic sign for the
future of our industry," said Nallathambi.
Of the top 100 statistical areas measured by population, 44
showed year-over-year price declines, down from 54 in March.
(Reporting By Leah Schnurr, editing by Dave zimmerman)