“The OC appreciates”
November was the eighth month in a row that local appreciation rates have topped 20 percent, CoreLogic says.
Orange County house prices increased by 21.1 percent in the year ending in November, the eighth-straight month that local appreciation rates topped 20 percent, Irvine-based housing data firm CoreLogic reported.
November also was the 18th straight month of year-over-year price gains.
Nationwide, house prices increased 11.8 percent from November 2012 levels, CoreLogic reported. Twenty-one states and the District of Columbia are now at or within 10 percent of their price peaks.
CoreLogic’s Home Price Index showed that November prices were up from October by 0.6 percent. Home prices typically decline from October to November.
CoreLogic’s index is the third major report on Orange County house prices for November. DataQuick reported that November house prices increased 16.2 percent year over year. The California Association of Realtors reported a price gain of 17 percent in November.