However you need to read beyond the headline… as you can see some states are in a decline! Here is a bottom line Quote from the Story.
“The five states experiencing the most price appreciation include Arizona (prices up 12%); Idaho (up 9.2%); South Dakota (up 8.7%); Montana (up 8.2%); and Michigan (up 7.9%)”.
“Areas with the greatest price Depreciation include Delaware (prices down 9%); Rhode Island (prices down 4.4%); Illinois (prices down 4.2%); Alabama (prices down 4.1%); and Georgia (prices down 4%)”.
In Fact it seems CoreLogic will indeed Exclud Distreessed Sales in there forcast. ( Quote below)
:”CoreLogic's Pending Home Price Index suggests that home prices will rise another 1.4% from May to June. When excluding distressed sales, that number is expected to jump by 2%.”