CoreLogic: Prices End 2012 with Biggest Annual Gain in Six Years

National home prices ended the year by posting their biggest annual gain since May 2006, and prices rose in December for the 10th consecutive month, CoreLogicreported Tuesday.

The data provider’s Home Price Index (HPI) registered a year-over-year increase of 8.3 percent in December when including distressed sales. From November to December, prices barely moved higher, increasing just 0.4 percent.

In January, the forward looking Pending HPI projects prices will rise 7.9 percent on a yearly basis in January, but fall by 1 percent on a monthly basis due to the typical seasonal decline.

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