Area home prices increase most in U.S. over past year
By: David Sherfinski
Examiner Staff Writer
May 20, 2010
Nationally, home prices increased by 1.7 percent, but the metro area saw prices for single-family homes increase 6.4 percent. (Arianne Starnes/Examiner file)
Home prices in the Washington area increased by the most in the country during the 12 months ending in March, according to data released Wednesday.
Prices for single-family homes increased 6.4 percent — the biggest increase out of 10 major metropolitan areas, according to CoreLogic, a real estate data company.
Nationally, home prices increased by 1.7 percent. The year-over-year increase “shows that the housing market is continuing to exhibit signs of stability,” said Mark Fleming, chief economist for CoreLogic.
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