published on November 1, 2016 - 11:22 PM
Written by The Business Journal Staff
Home prices across the Central Valley were up in September, both on a yearly and monthly basis, according to new data from real estate information firm CoreLogic.

 

In Fresno, home prices including distressed sales, were up 4.4 percent in September compared to a year ago. On a month-over basis, prices were also up 0.4 percent.

In the Hanford area, home prices with distressed sales were up 7.3 percent in September compared to a year ago. Month-over-month, prices were up 0.8 percent in September.

In Madera, home prices were up 6.1 percent in September compared to a year ago, while month-over-month prices were up 0.1 percent.

In Visalia, home prices including distressed sales, were up 5.6 percent in September compared to a year ago. Month-over-month, prices were up 0.8 percent in September.

Home prices nationwide, including distressed sales, increased year over year by 6.3 percent in September compared with September 2015 and increased month over month by 1.1 percent in September 2016 compared with August 2016, according to the CoreLogic Home Price Index.

“Home-equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Nationwide during the past year, the average gain in housing wealth was about $11,000 per homeowner, but with wide geographic variation.”


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