Home prices continued to increase nationwide in March, led by double-digit percent gains in Western states, according to the CoreLogic Home Price Index.
Including distressed sales, home prices increased 6.7% from last year, CoreLogic reported Tuesday. On a monthly basis, prices went up 2.1% from February.
Washington posted the highest year-over-year increase of any state at 13%, followed by Colorado and Oregon at 10% each. Maryland recorded the smallest gain from last year, rising just 0.7%, while Connecticut and Wyoming came in with a tie for second with a 1% increase.
Looking ahead, CoreLogic estimated in its HPI Forecast that home prices will rise 5.3% from March 2016 to March 2017 and 0.7% March 2016 to April 2016.
