Tuesday, October 2, 2012

Clear Capital: Home prices in West up 9.4 percent

According to Clear Capital, home prices in the U.S. West region were up 9.4 percent year over year using data up through September 2012.

According to the report:

The recovery continued to unfold in September at the national and regional levels with gains across the board. 1.8% quarterly growth at the national level was driven in part by gains in the West. The West posted notable quarterly gains of 3.7%, the fifth consecutive month it's led regional gains. The Midwest and South regions had quarterly home price gains of 1.9% and 1.3%, respectively. The Northeast posted the weakest quarterly gains of 0.2%.

 This is some of the earliest data we've seen and it suggests that home price indices for September, as they are released over the month, will continue to show price increases.