IE Business Daily Business news for the Inland Empire.
U.S home prices rose 1.1 percent in January month-over-month, according to data released Tuesday.
The increase compared with January 2014 was more substantial – 5.7 percent – CoreLogic’s monthly report on national housing prices stated.
Twenty seven states and the District of Columbia were either at or within 10 percent of their peak price last month, according to CoreLogic, a real estate analytics firm based in Irvine.
The report blamed lack of supply in many parts of the country for driving up prices. Colorado had the largest year-over-year gain in prices at 9.1 percent, the report stated.
